American Express Company (AXP) : Davis Capital Partners scooped up 39,000 additional shares in American Express Company during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 690,000 shares of American Express Company which is valued at $42,241,800.American Express Company makes up approximately 8.48% of Davis Capital Partners’s portfolio.
Other Hedge Funds, Including , Chesley Taft Associatesil reduced its stake in AXP by selling 90 shares or 0.1% during the fourth quarter. The Hedge Fund company now holds 92,828 shares of AXP which is valued at $5,682,930. American Express Company makes up approx 0.60% of Chesley Taft Associatesil’s portfolio.Philadelphia Trust Co boosted its stake in AXP during the Q4 period, The investment management firm added 6,000 additional shares and now holds a total of 319,185 shares of American Express Company which is valued at $19,540,506. American Express Company makes up approx 1.65% of Philadelphia Trust Co’s portfolio. Boston Partners added AXP to its portfolio by purchasing 74,105 company shares during the Fourth Quarter which is valued at $4,536,708. American Express Company makes up approx 0.01% of Boston Partners’s portfolio.Carret Asset boosted its stake in AXP during the Q4 period, The investment management firm added 5,560 additional shares and now holds a total of 79,276 shares of American Express Company which is valued at $4,853,277. American Express Company makes up approx 1.02% of Carret Asset’s portfolio.
On the company’s financial health, American Express Company reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $1.13. The company had revenue of $8391.00 million for the quarter, compared to analysts expectations of $8399.38 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.39 EPS.
Many Wall Street Analysts have commented on American Express Company. Shares were Reiterated by Barclays on Mar 11, 2016 to “Equal Weight” and Lowered the Price Target to $ 63 from a previous price target of $77 .Shares were Reiterated by Deutsche Bank on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 66 from a previous price target of $90 .American Express Company was Downgraded by Morgan Stanley to ” Equal-Weight” on Jan 25, 2016.
American Express Company opened for trading at $60.31 and hit $61.445 on the upside on Friday, eventually ending the session at $61.22, with a gain of 1.90% or 1.14 points. The heightened volatility saw the trading volume jump to 83,41,268 shares. Company has a market cap of $59,019 M.
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.