TD Waterhouse Canada Cuts American Express Stake
TD Waterhouse Canada Inc., an investment firm, reduced its stake in American Express Company (NYSE:AXP) by selling 11,168 shares during the second quarter. This decrease brought their total holdings to 365,307 shares, which represent approximately 0.05% of American Express' outstanding stock and are valued at $127,209,000 as of the latest Securities and Exchange Commission filing.
Other institutional investors have also made changes to their positions in American Express during this period. For instance, Flputnam Investment Management Co. acquired a new stake worth around $12,879,000, while Evolve Private Wealth LLC purchased a new position valued at approximately $5,172,000. Swiss Life Asset Management Ltd increased its holding by 34.1% through the fourth quarter, now owning 139,887 shares with a value of $51,751,000.
As of the latest available data, institutional investors own around 84.33% of American Express' stock. The company has a market capitalization of $222.71 billion and a PE ratio of 20.01.