Berkshire Hathaway Owns More Than 20% of American Express. Here's What That Means for Individual Investors.
The financial stock has generated a trailing five-year total return of 119%.
Overview
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) owns a massive $354 billion portfolio with dozens of different positions. One of its top holdings, however, is American Express (NYSE: AXP), a business the Omaha-based conglomerate has held since the 1990s.
As of March 31, Berkshire Hathaway owned almost 152 million shares of the credit card giant, giving it a sizable 22.5% stake in the company. This has worked out quite well recently, as the financial stock has generated a total return of 119% in the past five years (as of Aug. 6).
Details
Here's what the American Express position means for individual investors.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.