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American Express Company $AXP Shares Purchased by NewEdge Wealth LLC
NewEdge Wealth LLC increased its stake in American Express Company ($AXP) by 52.5% in the fourth quarter, bringing its total holdings to 39,558 shares valued at approximately $14.6 million. Other institutional investors also raised their positions, with institutions now owning 84.33% of the stock. American Express reported stronger-than-expected earnings of $4.28 per share, raised its quarterly dividend to $0.95, and key news highlighted positive sentiment from Warren Buffett and the company’s strategic moves like selling its stake in Global Business Travel.