Northwestern Mutual Invests Heavily in American Express Amid Strong Earnings
American Express Company (NYSE:AXP) has seen significant changes in its institutional ownership over recent quarters. According to a Form 13F filing, Northwestern Mutual Wealth Management Co. acquired a new position in American Express during the second quarter, purchasing 237,297 shares valued at approximately $80,266,000.
This is not an isolated instance of increased institutional interest. Cornerstone Advisory LLC, Total Clarity Wealth Management Inc., Dover Advisors LLC, Invenio Wealth Partners LLC, and Geneos Wealth Management Inc. have all increased their holdings in American Express over the past few quarters, with some adding as many as 29 shares to their positions.
This growth in institutional ownership reflects a positive view of American Express' financial performance. The company has been beating earnings estimates, with its quarterly revenue increasing by 10% year-over-year. Its FY 2026 guidance also suggests continued growth potential.