GSA Capital Partners Acquires New Stake in American Express Company

GSA Capital Partners LLP acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its latest 13F filing with the SEC. The firm purchased 4,514 shares of the payment services company's stock, valued at approximately $1.527 million.

This is not an isolated instance; several other large investors have also bought and sold shares of American Express in recent periods. Evolution Wealth Management Inc., for example, increased its holdings in American Express by 6,600% during the fourth quarter, now owning 67 shares worth $25,000.

The majority of American Express' stock is held by hedge funds and other institutional investors, comprising approximately 84.33%. Despite this, the company's recent earnings beat and continued revenue growth have garnered attention from analysts, with Piper Sandler forecasting significant appreciation potential for AXP shares in the coming period.