LG Group Puts Big Bet on American Express with $1.14 Billion Investment
Legal & General Group Plc made a significant investment in American Express Company (NYSE:AXP) during the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission.
The institutional investor purchased 3,364,536 shares of AXP's stock, valued at approximately $1,138,054,000. This investment represents about 0.50% of American Express' total outstanding shares.
Other notable investors have also made changes to their positions in the company recently. Evolution Wealth Management Inc., for example, increased its stake in AXP by a staggering 6,600.0% in the fourth quarter, bringing its total holdings to 67 shares worth $25,000.