McLaughlin Asset Management Inc. Takes Position in American Express Company $AXP

McLaughlin Asset Management Inc. has initiated a new position in American Express Company (AXP), acquiring 4,047 shares valued at approximately $1.5 million, making it 1.3% of their portfolio. American Express reported Q1 EPS of $4.28, surpassing estimates, and declared a quarterly dividend of $0.95 per share. Analyst sentiment for AXP is mixed, with some upgrades to "buy" and others maintaining more cautious views, leading to a consensus "Hold" rating with a $360.80 average price target.