Meiji Yasuda Asset Management Buys into American Express

American Express Company has seen significant investment from various institutional investors in recent quarters. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of American Express, acquiring 29,791 shares valued at approximately $10,077,000 during the second quarter.

This is not an isolated instance; several other large investors have also increased their stakes in American Express. Total Clarity Wealth Management Inc., for example, boosted its holdings by 3.4% during the fourth quarter and now owns 874 shares worth $323,000.

In addition to Meiji Yasuda Asset Management Co Ltd.'s new position, other notable investors have also increased their stakes in American Express. Dover Advisors LLC raised its stake by 0.4% during the fourth quarter, while Invenio Wealth Partners LLC grew its holdings by 3.9%.

Analysts' ratings for American Express are mixed, with some recommending a 'buy' rating and others maintaining a 'hold' or 'sell' rating. The consensus rating is currently 'Moderate Buy,' with a target price of $373.32.