BlackRock and Others Snap Up Shares of American Express

American Express Company (NYSE:AXP) has seen its shares bought by several institutional investors, including Odyssean LLC and BlackRock Inc.

According to MarketBeat, during the second quarter, Odyssean LLC purchased a new position in American Express, buying 4,487 shares valued at approximately $1.5 million.

This is not an isolated incident, as several other hedge funds have also increased their stakes in the company.

BlackRock Inc., for instance, acquired a new position worth around $14.2 billion during the same quarter.