American Express Sees Increased Institutional Support

Fielder Capital Group LLC has made a significant investment in American Express Company (NYSE:AXP), purchasing 6,644 shares valued at approximately $2.25 million.

This is not an isolated incident, as several other institutional investors and hedge funds have increased their holdings in AXP during the fourth quarter.

State Street Corp boosted its stake by 1.3%, while Fisher Asset Management LLC increased its holding by 1.6%. Bank of America Corp DE raised its position by 7.7%, and Capital World Investors saw a 46.7% increase in their holdings.

Norges Bank also entered the picture, purchasing a new stake valued at $2.46 billion.