Reynders McVeigh Capital Management Boosts American Express Stake by Over 1,400% in Q2

Reynders McVeigh Capital Management LLC significantly increased its stake in American Express Company (NYSE:AXP) during the second quarter, purchasing an additional 54,429 shares to bring its total holdings to 58,210.

The value of Reynders' AXP holdings now stands at $19.69 million, according to a recent SEC filing. This move is part of a larger trend in which several hedge funds and institutional investors have increased their stakes in the payment services company.

Other notable investors who have boosted their AXP positions include BlackRock Inc., State Street Corp, Fisher Asset Management LLC, Bank of America Corp DE, and Capital World Investors. Collectively, these investors now own approximately 84.33% of AXP's outstanding shares.