Callan Family Office Invests in American Express

Callan Family Office LLC has invested $10.03 million in American Express Company (NYSE:AXP). The fund bought 29,646 shares of the payment services company's stock in the second quarter.

This is not an isolated incident; several other institutional investors and hedge funds have also modified their holdings of AXP. Evolution Wealth Management Inc., for instance, lifted its position in American Express by 6,600% during the fourth quarter.

American Express has a market capitalization of $226.90 billion and a price-to-earnings ratio of 20.39. The company's revenue for the quarter was up 10.0% compared to the same quarter last year, with earnings per share at $4.53.