Plato Investment Management Puts $7.70 Million into American Express Stock
Plato Investment Management Ltd has taken a significant position in American Express Company (NYSE:AXP), purchasing 22,911 shares valued at approximately $7.70 million.
The investment was made in the second quarter, as reported by the company's most recent 13F filing with the Securities and Exchange Commission.
This is not an isolated instance of institutional investors increasing their stakes in American Express; several other firms have also boosted their holdings in the company.