Provident Trust Co. Boosts Stake in American Express

American Express Company (NYSE:AXP) is a major player in global financial services. According to MarketBeat, Provident Trust Co. has a significant position in AXP with $311.47 million worth of shares.

Provident Trust Co. increased its holdings in American Express by 0.4% in the second quarter, purchasing an additional 3,786 shares during this period. The company's stake in American Express now makes up 6.5% of Provident Trust Co.'s total holdings.

This is not the only institutional investor with a significant position in AXP. Evolution Wealth Management Inc., for example, raised its position by 6,600.0% in the fourth quarter and owns 67 shares worth $25,000.