Fielder Capital Group Buys into American Express as Institutional Investors Pile In

Fielder Capital Group LLC has purchased a new position in American Express Company (NYSE:AXP) in the second quarter. According to its most recent Form 13F filing with the Securities and Exchange Commission, the fund bought 6,644 shares of AXP's stock, valued at approximately $2,247,000.

This is not an isolated move, as a number of other institutional investors and hedge funds have also recently modified their holdings in AXP. State Street Corp boosted its stake in American Express by 1.3% during the fourth quarter, now owning 29,464,868 shares worth $10,900,528,000. Fisher Asset Management LLC increased its stake in shares of American Express by 1.6% in the same period.

Capital World Investors raised its holdings in American Express by 46.7% during the fourth quarter, now owning 7,515,675 shares valued at $2,780,424,000. Norges Bank also purchased a new stake in American Express during the fourth quarter, valued at $2,464,215,000.

The payment services company reported earnings results on Friday, July 24th, beating consensus estimates with $4.53 EPS for the quarter. AXP's quarterly revenue was up 10.0% compared to the same quarter last year. The company has set its FY 2026 guidance at 17.300-17.900 EPS.