American Express Sees Significant Shift in Institutional Investor Base
American Express Company (NYSE: AXP) has seen its institutional investor base change significantly in recent periods. Contravisory Investment Management Inc., a prominent investment firm, reduced its stake in American Express by an impressive 98.9% in the second quarter.
According to SEC filings, Contravisory Investment Management Inc. sold a substantial 27,675 shares of American Express during this period, resulting in a significant reduction in their holdings. Their remaining 300 shares were valued at $101,000 as of their most recent filing.
This change is part of a larger trend in institutional investor activity surrounding American Express. Other notable investors have also made adjustments to their holdings in the company, with Evolution Wealth Management Inc., for example, increasing its stake by an impressive 6,600% during the fourth quarter.