How American Express Company (AXP) Stacks Up Against Its Peers

As aggregate interest increased, some big names have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, established the biggest call position in American Express Company (NYSE:AXP). Citadel Investment Group had $42.6 million invested in the position at the end of the quarter. Gregg Moskowitz’s Interval Partners also initiated a $15.4 million position during the quarter. The other funds with new positions in the stock are John Overdeck and David Siegel’s Two Sigma Advisors and Charles Lemonides’s Valueworks LLC.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as American Express Company (NYSE:AXP) but similarly valued. These stocks are Abbott Laboratories (NYSE:ABT), Occidental Petroleum Corporation (NYSE:OXY), Rio Tinto plc (ADR) (NYSE:RIO), and E I Du Pont De Nemours And Co (NYSE:DD). This group of stocks’ market values are similar to AXP’s market value.

As you can see these stocks had an average of 36.5 hedge funds with bullish positions and the average amount invested in these stocks was $1.68 billion. That figure was $12.34 billion in AXP’s case. Abbott Laboratories (NYSE:ABT) is the most popular stock in this table. On the other hand Rio Tinto plc (ADR) (NYSE:RIO) is the least popular one with only 18 bullish hedge fund positions. American Express Company (NYSE:AXP) is not the most popular stock in this group but hedge fund interest is still above average, and thanks to Warren Buffett’s huge position, it also has a ton of money invested in it. This is a slightly positive signal and makes American Express a decent candidate to consider a long position in.

Disclosure: None