American Express Attracts New Institutional Investors, W1M Asset Management Takes a Big Stake

W1M Asset Management Ltd has acquired a significant new stake in American Express Company (NYSE:AXP). The investment firm purchased 81,583 shares of AXP's stock during the second quarter, valued at approximately $27.6 million.

This is not an isolated instance; several other hedge funds have recently increased their holdings in AXP as well. Evolution Wealth Management Inc., for example, boosted its stake by a staggering 6,600% in the fourth quarter and now owns 67 shares of AXP's stock valued at $25,000.

The strong institutional investor support for American Express is reflected in its current ownership structure, with 84.33% of the company's stock held by institutional investors.