Equitable Holdings Trims Stake in American Express

Equitable Holdings Inc., an investment firm, has trimmed its stake in American Express Company (NYSE:AXP) by 10.6% during the second quarter. The company sold 3,687 shares of American Express stock, reducing its total holdings to 31,046 shares.

The value of Equitable Holdings' American Express holdings as of its most recent SEC filing was $10,501,000. This reduction in stake is part of a broader trend of institutional investors adjusting their holdings in the payment services company.