Bell & Brown Weighs In on American Express with Big Bet
Bell & Brown Wealth Advisors LLC has invested $4.79 million in American Express Company (NYSE:AXP). The investment firm bought 14,154 shares of American Express' stock in the second quarter, valuing them at approximately $4.788 million. This represents about 1.5% of Bell & Brown's holdings and makes it the company's 27th biggest holding.
Other institutional investors have also increased their stakes in American Express during this period, including Evolution Wealth Management Inc., which grew its holdings by an impressive 6,600%. Joseph Group Capital Management, Sfam LLC, Caitong International Asset Management Co. Ltd, and Measured Wealth Private Client Group LLC all bought new positions in the company.
As of now, institutional investors hold about 84.33% of American Express' stock, indicating a strong level of confidence in the company's prospects.