American Express Company (AXP) : Drexel Morgan scooped up 192 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 17,259 shares of American Express Company which is valued at $1,128,393.American Express Company makes up approximately 1.25% of Drexel Morgan’s portfolio.
Other Hedge Funds, Including , Blackrock Japan Ltd reduced its stake in AXP by selling 107,858 shares or 9.42% in the most recent quarter. The Hedge Fund company now holds 1,037,667 shares of AXP which is valued at $67,842,668. American Express Company makes up approx 0.23% of Blackrock Japan Ltd’s portfolio.Private Advisor Group boosted its stake in AXP in the latest quarter, The investment management firm added 6,515 additional shares and now holds a total of 22,876 shares of American Express Company which is valued at $1,505,927. American Express Company makes up approx 0.06% of Private Advisor Group’s portfolio.Mn Services Vermogensbeheer B.v. reduced its stake in AXP by selling 92 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 20,815 shares of AXP which is valued at $1,363,799. American Express Company makes up approx 0.27% of Mn Services Vermogensbeheer B.v.’s portfolio.Plante Moran Financial Advisors boosted its stake in AXP in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 919 shares of American Express Company which is valued at $58,660. American Express Company makes up approx 0.04% of Plante Moran Financial Advisors’s portfolio.
American Express Company opened for trading at $65.49 and hit $66.2 on the upside on Wednesday, eventually ending the session at $66.19, with a gain of 0.65% or 0.43 points. The heightened volatility saw the trading volume jump to 3,200,694 shares. Company has a market cap of $61,145 M.
On the company’s financial health, American Express Company reported $2.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.36 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.74. The company had revenue of $8235.00 million for the quarter, compared to analysts expectations of $8341.60 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.42 EPS.
American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Companys United States banking subsidiaries Centurion Bank and AEBFSB issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.