Oppenheimer & Others Adjust Holdings in American Express

1 min read | November 13, 2024 10:01 PM PST | By Team Kalkine Media

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Oppenheimer & Others Adjust Holdings in American Express — Image source: Shutterstock

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Oppenheimer & Co. reduces stake in American Express.

Hedge funds actively adjust holdings in the payment services sector.

Institutional ownership of American Express remains strong.

Oppenheimer & Co. Inc. recently decreased its stake in American Express (NYSE:AXP), selling 3,734 shares during the third quarter. As of the latest SEC filing, the firm's holdings amounted to 45,050 shares in the payment services company. The reduced stake represents a 7.7% decrease in its position.

Several other investors have made adjustments to their American Express holdings as well. Kennebec Savings Bank acquired a new position in the company, while DHJJ Financial Advisors Ltd. increased its holdings by 42%. In addition, Mowery & Schoenfeld Wealth Management LLC and Capital Performance Advisors LLP both took new stakes in the company. POM Investment Strategies LLC also acquired a new position during the same period.

These moves reflect the continued interest of institutional investors, who collectively own a significant portion of American Express. Despite changes in individual holdings, institutional ownership remains strong at over 80% of the company's stock, demonstrating ongoing confidence in its business operations and future potential.

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