UBS Sells 193,996 American Express Shares, Reduces Holdings

UBS Asset Management Americas LLC decreased its holdings in American Express Company (NYSE:AXP) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission.

The institutional investor owned 5,053,409 shares of the payment services company's stock after selling 193,996 shares during the quarter.

This decrease accounted for about 0.75% of American Express' total worth, valued at approximately $1,709,316,000 as of its most recent SEC filing.