Institutional Investors Flock to American Express Amid Revenue Growth

American Express (NYSE:AXP) has attracted significant investment attention from institutional investors in recent quarters. Freestone Grove Partners LP acquired a new position of 93,391 shares valued at approximately $31.59 million during the second quarter.

Other notable investors who have added to or increased their stakes in American Express include BlackRock Inc., Norges Bank, Bank of New York Mellon Corp, Legal & General Group Plc, and Deutsche Bank AG. These investments are a testament to the company's financial performance and market potential.

American Express reported a 10% year-over-year increase in revenue for the quarter, beating analyst expectations with $4.53 earnings per share. The company has also set its FY 2026 guidance at 17.300-17.900 EPS, indicating continued growth prospects.