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Orion Portfolio Solutions cuts American Express holdings, but company reports strong Q4 earnings and raises dividend.
Orion Portfolio Solutions LLC reduced its holdings in American Express (AXP) by 13.8% to 67,517 shares, valued at $20,038,000.
American Express reported a strong fourth quarter with earnings per share of $3.04, surpassing analysts' estimates of $3.00.
The company also announced a quarterly dividend of $0.82 per share, payable on May 9th.
American Express has a market cap of $191.19 billion and a PE ratio of 19.43.
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Orion Portfolio Solutions corta las tenencias de American Express, pero la compañía reporta fuertes ganancias Q4 y aumenta los dividendos.