Corient Private Wealth LP Takes New Stance on American Express

Corient Private Wealth LP has acquired a new position in American Express Company (NYSE:AXP) shares, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,772,934 shares of AXP's stock valued at approximately $253,945,000.

This is not an isolated move; other large investors have also made significant changes to their holdings in American Express. For instance, Brighton Jones LLC increased its stake by 24.4% in the fourth quarter and now owns 6,481 shares worth $1,924,000 after acquiring an additional 1,273 shares.

American Express has been a subject of analyst reports, with various firms issuing upgrades or downgrades to their ratings. Despite this, the company's overall rating remains moderate, with one equities research analyst assigning a Strong Buy rating and twelve others giving it a Buy rating. The average price target is $373.32.