American Express Sees Hefty Investment from Kimelman & Baird LLC

American Express Company (NYSE:AXP) has seen significant investment activity from institutional investors. According to its most recent Form 13F filing with the Securities & Exchange Commission, Kimelman & Baird LLC purchased a new stake in shares of American Express during the second quarter, valued at approximately $3,739,000.

The firm acquired 11,055 shares of the payment services company's stock. This is not an isolated instance, as a number of other institutional investors have also recently added to or reduced their stakes in AXP.

Evolution Wealth Management Inc., for example, grew its stake in shares of American Express by 6,600.0% in the fourth quarter and now owns 67 shares of the payment services company's stock worth $25,000 after purchasing an additional 66 shares during the last quarter.