Beverly Hills Wealthy Investors Bet Big on American Express

Beverly Hills Private Wealth LLC has made a significant investment in American Express Company (NYSE:AXP) by acquiring 3,495 shares worth $1.18 million during the second quarter.

This is not the only notable investment in AXP; several other large investors have also purchased and sold shares of the payment services company.

Evolution Wealth Management Inc., for example, boosted its position in shares of American Express by 6,600% in the fourth quarter, owning 67 shares worth $25,000 after purchasing an additional 66 shares. Other new positions include those acquired by Joseph Group Capital Management, Sfam LLC, Caitong International Asset Management Co. Ltd, and Measured Wealth Private Client Group LLC.

Hedge funds and other institutional investors own approximately 84.33% of the company's stock.