Deane Retirement Invests Big in American Express
Deane Retirement Strategies Inc. has made a significant investment in American Express Company (NYSE:AXP) by purchasing approximately $2,732,000 worth of shares.
The company acquired 8,075 shares of American Express' stock during the second quarter, according to its most recent disclosure with the SEC.
This move is part of a larger trend as other institutional investors and hedge funds have also made changes to their positions in American Express. For example, Norges Bank acquired a new position in American Express valued at $2,464,215,000 during the fourth quarter.
Capital World Investors increased its stake in shares of American Express by 46.7% in the fourth quarter and now owns approximately $2,780,424,000 worth of stock after purchasing an additional 2,393,340 shares.