Waverly Advisors 13F: Adds $1.6M to American Express (AXP) Stake
Waverly Advisors raises its stake in American Express by adding nearly 4,700 shares, reflecting strong confidence in the financial services firm.
Reviewed by automated data checks against the source filing. How we make and check alerts
Waverly Advisors added 4,683 shares to its stake in American Express Company ($AXP), a 5.37% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 91,809 shares worth $31.05 million at the end of the quarter.
Since the filing, $AXP is down 0.5% after 1 week, up 7.0% after 1 month and up 0.6% to date (from the $311.66 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
AXP
American Express Company
Key Points
- Waverly Advisors boosted its position in American Express by 5.37%, acquiring 4,683 additional shares, bringing its total to 91,809 shares valued at about $31 million.
- The stock was trading at $338.25, up from a previous close of $306.95, marking a period of recovery after hitting its 52-week low of $290.97.
- Other institutional players like Vanguard and BlackRock also showed activity, with Vanguard increasing its holdings by 2.2 million shares.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated American Express Company alert may contain errors. Disclosures
Waverly Advisors increased its stake in American Express Company (NYSE: AXP) by 5.37%, adding 4,683 shares to reach a total of 91,809 shares. This investment is valued at approximately $31 million, according to the latest Form 13F filing with the SEC dated May 15, 2026.
Waverly Advisors' filing shows a commitment to American Express, a major player in the financial services and credit industry. The firm's cost basis for this position is around $242.67 per share, indicating a solid return based on the current trading price of $338.25. This move reflects a strong belief in American Express's ongoing potential amid its recent trading patterns.
Other Institutional Activity in American Express
Several other institutions have also been active with American Express shares. Vanguard Capital Management LLC increased its holdings by 2,205,096 shares, bringing its total to 35,215,521 shares worth about $11 billion. Meanwhile, BlackRock Inc. added 96,393 shares to hold 42,006,392 shares valued at approximately $13.1 billion. State Street Corporation, however, reduced its stake by 131,523 shares, ending with 29,095,803 shares worth around $9.1 billion.
American Express Company Stock Up 10.2%
American Express shares are currently trading at $338.25, which is well above its 50-day moving average of $322.00. The stock is also near its 52-week high of $387.49. This upward trajectory suggests investor optimism following recent gains.
Recent Earnings
In its latest earnings report, American Express reported revenue of approximately $70.9 billion, demonstrating a growth rate of 12.8% year-over-year. The company posted an EPS of $16.48, reflecting strong performance in its financial services segment. The next earnings report is scheduled for October 23, 2026, when investors will be keen to see continued growth metrics.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 11.0%.
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Profit surprise
Operating income beat by 33 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.0 points. Operating margin up 14.0 points. Positive free cash flow.
Earnings Call Summary
American Express had a very strong first quarter with revenue growth of 11 percent and earnings per share of $4.28, up 18 percent year over year. Card member spending grew 10 percent, the highest quarterly growth in 3 years, driven by strength in travel and dining. The company is investing heavily in commercial products, artificial intelligence capabilities, and sports partnerships including a new multiyear agreement with the National Football League to become the league's official payments partner.
Guidance American Express reaffirmed full year guidance of 9 to 10 percent revenue growth and earnings per share of $17.30 to $17.90, despite delivering 11 percent revenue growth in the first quarter. The company is reinvesting the outperformance in marketing and technology instead of raising guidance.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Analysts Set New Price Targets
Recent analyst activity includes Morgan Stanley maintaining an Equal-Weight rating with a price target of $380. On the same day, JP Morgan kept its Overweight rating with a target of $360. RBC Capital also maintains an Outperform rating with a target of $400, indicating a generally positive outlook among analysts.
About American Express
American Express Company operates as an integrated payments firm, providing services globally across various sectors. It segments its operations into U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. This diverse business model contributes to its competitive edge in the financial services industry.
Bottom Line
Waverly Advisors' recent increase in its American Express position signals confidence in the company's performance as it navigates the financial landscape. Investors should keep an eye on the upcoming earnings report and further institutional filings, as this 13F reflects holdings that may not represent current positions.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $AXP (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts