Advisors Capital Management Invests Big in American Express

Advisors Capital Management LLC has invested in American Express Company (NYSE:AXP), purchasing 69,882 shares valued at $23,638,000 during the second quarter.

This is not an isolated instance of investment in AXP. Other institutional investors and hedge funds have also made significant changes to their holdings in the company.

BlackRock Inc., for example, acquired a new position in American Express valued at approximately $14,208,662,000 during the second quarter. State Street Corp raised its holdings by 1.3% in the fourth quarter and now owns 29,464,868 shares worth $10,900,528,000.