Victory Capital Management Inc. Sells 54,645 Shares of American Express Company $AXP

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Victory Capital Management Inc. reduced its stake in American Express Company (NYSE:AXP) by 9.8% in the third quarter, selling 54,645 shares and now owning 504,827 shares valued at $167.68 million. Despite this, other institutions like Trajan Wealth LLC and Sumitomo Mitsui Trust Group Inc. increased their holdings. American Express recently reported mixed earnings, increased its quarterly dividend, and saw insider selling activity, while analysts have a “Hold” consensus rating on the stock.

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