Mon Sep 30 23:28:01 UTC 2024: ## Oliver Lagore Vanvalin Investment Group Significantly Increases Stake in American Express

**Sioux Falls, SD** – Oliver Lagore Vanvalin Investment Group significantly boosted its holdings in American Express (NYSE: AXP) during the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The investment firm’s stake in the payment services company grew by a whopping 2,196.4%, bringing its total ownership to 8,244 shares valued at $1,909,000.

This massive increase in holdings isn’t isolated. Several other hedge funds have also adjusted their positions in American Express in recent months. Sawgrass Asset Management LLC, Ignite Planners LLC, Willner & Heller LLC, Beacon Capital Management LLC, and Capital Wealth Planning LLC all increased their stakes in the company during the second quarter.

American Express stock experienced a positive trading day on Friday, closing at $271.06, a $2.91 increase. The company’s earnings for the second quarter surpassed analyst expectations, with reported earnings per share of $3.49 compared to an anticipated $3.26.

Despite positive earnings and increased investor interest, analysts remain divided on the company’s future. While some analysts are bullish on American Express, with price targets ranging from $260 to $268, others maintain a neutral stance. Overall, MarketBeat reports that the stock has a consensus rating of “Hold” with a price target of $230.78.

Investors will be watching closely to see if American Express can continue its positive momentum and achieve its projected EPS of $13.13 for the current fiscal year.

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