Junto Capital Management Invests Heavily in American Express
Junto Capital Management LP has acquired a significant stake in American Express Company (NYSE:AXP) during the second quarter. The institutional investor purchased 307,858 shares of the payment services company's stock, valued at approximately $104,133,000.
According to its most recent disclosure with the SEC, Junto Capital Management LP acquired this new stake in American Express Company. This investment represents about 1.8% of the company's investment portfolio, making it the 18th biggest position.
Other large investors have also modified their holdings of American Express Company during the second quarter. Flputnam Investment Management Co., Evolve Private Wealth LLC, OMERS ADMINISTRATION Corp, Blue Capital Inc., and Invst LLC acquired new stakes in the company worth $12,879,000, $5,172,000, $11,642,000, $2,838,000, and $1,339,000 respectively.
As of now, 84.33% of American Express Company's stock is owned by institutional investors and hedge funds.