ABN AMRO Invests in AXP, Joining Growing Ranks of Institutional Investors

ABN AMRO Bank N.V., a global financial services company, has invested in American Express Company (AXP), buying 114,561 shares valued at approximately $39,016,000 during the second quarter.

This is not an isolated instance of institutional investment in AXP. Evolution Wealth Management Inc. increased its position in American Express by a staggering 6,600% in the fourth quarter, purchasing an additional 66 shares worth $25,000.

Analysts are weighing in on AXP's prospects, with Jefferies Financial Group upgrading the company from 'hold' to 'buy', and The Goldman Sachs Group boosting its target price to $400.00 while maintaining a 'buy' rating.