American Express Sees Significant Shift in Institutional Ownership
American Express Company's stock has seen significant changes in its ownership structure. According to MarketBeat, Flputnam Investment Management Co. acquired an additional 18,629 shares of American Express during the second quarter, increasing its holdings by 95.8%. The firm now owns 38,076 shares worth $12,879,000.
Other institutional investors have also made changes to their American Express holdings. Brighton Jones LLC boosted its stake in the company by 24.4% during the fourth quarter, while Sivia Capital Partners LLC raised its position by 13.0% in the second quarter. Schnieders Capital Management LLC acquired a new position in shares of American Express in the second quarter worth approximately $428,000.
Howland Capital Management LLC and HUB Investment Partners LLC also increased their holdings in the company during the second quarter. With 84.33% of the stock owned by institutional investors and hedge funds, it appears that many are optimistic about American Express's future prospects.