Barrow Hanley Invests Heavily in American Express

Investment firm Barrow Hanley Mewhinney & Strauss LLC bought 979,195 shares of American Express Company (NYSE:AXP) in the second quarter.

The purchase was valued at approximately $331,213,000 and represents a new position for the company.

This move is part of a larger trend of institutional investors increasing their stakes in AXP. Other firms that have recently added to or reduced their positions in American Express include Evolution Wealth Management Inc., Joseph Group Capital Management, Sfam LLC, Caitong International Asset Management Co. Ltd, and Measured Wealth Private Client Group LLC.

As of the most recent reporting period, Barrow Hanley Mewhinney & Strauss LLC owned 0.14% of American Express stock.