G&S Capital Sells Off 83.7% of American Express Stake

G&S Capital LLC significantly reduced its stake in American Express Company (NYSE:AXP) by 83.7% during the second quarter, according to a recent disclosure with the SEC.

The firm owned 1,722 shares of AXP's stock after selling 8,866 shares during the period, valued at $582,000.

A number of other hedge funds and institutional investors have also adjusted their positions in AXP in recent quarters. Keybank National Association OH raised its stake by 3% in the fourth quarter, while Swiss Life Asset Management Ltd boosted its holdings by 34.1%