Danske Bank Acquires New Holdings in American Express Worth Over $129 Million

Danske Bank A S has acquired a new position in American Express Company (NYSE:AXP) worth approximately $129,114,000. The institutional investor purchased 381,712 shares of the payment services company's stock during the second quarter.

This is not an isolated incident; several other large investors have also recently bought and sold shares of AXP. For example, Brighton Jones LLC lifted its position in American Express by 24.4% in the fourth quarter, while Sivia Capital Partners LLC boosted its stake in American Express by 13.0% during the second quarter.

The institutional investors and hedge funds own 84.33% of the company's stock. Despite this, analysts have varying opinions on the company's future performance. For example, Guggenheim initiated coverage on American Express with a 'buy' rating, while TD Cowen boosted its price target on shares of American Express from $330.00 to $338.00 and gave the stock a 'hold' rating.