Haverford Trust Co Takes Large Stake in American Express
Haverford Trust Co, an institutional investor, acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter. According to its most recent 13F filing with the Securities and Exchange Commission, Haverford Trust Co acquired 12,817 shares of AXP's stock valued at approximately $4,335,000.
The company is not alone in its investment in American Express; several other institutional investors also bought new stakes in the payment services company during the second quarter. These include Clear Harbor Asset Management LLC ($1,348,000), S&G Foundation ($216,852,000), Davis Asset Management L.P. ($21,310,000), First Nebraska Trust Co ($583,000), and Bank of Nova Scotia ($71,653,000).
84.33% of American Express stock is currently owned by hedge funds and other institutional investors.