Parr Mcknight Wealth Management Group LLC Boosts Stock Holdings in American Express Company $AXP

NodeGuardian · 2026-03-12T12:35:15+00:00

Parr Mcknight Wealth Management Group increased its American Express stake by 1,243.9%, owning 13,775 shares valued at $4.576 million. Despite insider selling and a slight EPS miss, analysts keep a "Hold" rating with a price target of $352.73, while revenue grew 10.5%.

NodeGuardian

2026-03-12 12:35:15

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Parr Mcknight Wealth Management Group LLC significantly increased its stake in American Express (AXP) by 1,243.9% in the third quarter, now owning 13,775 shares valued at approximately $4.576 million. This boost comes amidst recent insider selling, with company insiders offloading 73,944 shares worth about $26.1 million in the last 90 days. Despite a slight miss on quarterly EPS ($3.53 vs. $3.54) and a 7.3% drop in share price, analysts maintain a “Hold” rating with a consensus price target of $352.73, while revenue rose 10.5% and FY2026 EPS guidance was set at 17.30–17.90.

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