Quantbot Technologies LP Buys into American Express Company Stock
Quantbot Technologies LP recently purchased 3,136 shares of American Express Company (NYSE:AXP) stock in the second quarter. The value of this new stake is approximately $1,061,000.
This purchase was not an isolated incident, as several other large investors have also made significant changes to their positions in AXP. Total Clarity Wealth Management Inc., for example, boosted its position by 3.4% during the fourth quarter and now owns 874 shares worth $323,000.
American Express has received positive ratings from various research firms. The Goldman Sachs Group recently raised its target price on the company to $400.00 and gave it a 'buy' rating. Additionally, Benchmark began coverage of AXP with a 'buy' rating and set a target price of $389.00.