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Institutional Investors Flock to American Express

Guavy AI Editorial Team
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AXP
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American Express Company (NYSE:AXP) has been gaining favor among institutional investors. In the second quarter, Everett Harris & Co. CA purchased a new position in AXP shares worth approximately $2,045,000.

This is not an isolated incident as several other institutional investors and hedge funds have also made changes to their positions in AXP during the same period.

Pecaut & CO., Summit Global Investments, Oppenheimer Asset Management Inc., Bryn Mawr Trust Advisors LLC, and Mill Capital Management LLC all acquired new stakes in American Express shares, with total investments worth $41,099,000.

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