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Sandhill Capital cuts American Express shares as the company reports strong earnings but faces insider sales.
Investment firm Sandhill Capital Partners LLC reduced its holdings of American Express (AXP) by 313 shares in the fourth quarter, now owning 22,846 shares valued at $6.78 million.
American Express recently reported a strong quarter with earnings of $3.04 per share, beating analyst expectations.
The company has a dividend yield of 1.40% and insiders have also been selling shares.
Despite a recent 29% drop from its one-year high, American Express remains financially stable with a market cap of $164.29 billion and a P/E ratio of 16.69.
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Sandhill Capital corta las acciones de American Express, ya que la compañía reporta fuertes ganancias, pero se enfrenta a ventas de información privilegiada.