GSA Capital Buys New AXP Holdings Amid Strong Earnings

GSA Capital Partners LLP has acquired a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,514 shares of the payment services company's stock, valued at approximately $1,527,000.

Other large investors have also bought and sold shares of American Express. Evolution Wealth Management Inc. grew its holdings in shares of the payment services company by 6,600% in the fourth quarter. Sfam LLC purchased a new stake in American Express during the fourth quarter valued at $26,000.

American Express has a market capitalization of $231.14 billion and a P/E ratio of 20.77. The stock has a 50-day moving average price of $341.33 and a 200-day moving average price of $327.33. American Express last announced its earnings results on Friday, July 24th, with the payment services company reporting $4.53 EPS for the quarter, beating analysts' consensus estimates of $4.41 by $0.12.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. Analysts have differing views on the stock's valuation and expectations, suggesting that American Express' strong operating trends are areas of debate.