April 22, 2016

Deutsche Bank Downgraded American Express Company (AXP)

American Express Company (NYSE:AXP) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports.
Several large investors recently bought and sold shares of the stock. SOL Capital Management CO increased its stake in American Express Company by 0.3% in the fourth quarter. SOL Capital Management CO now owns 17,062 shares of the payment services company’s stock worth $1,187,000 after buying an additional 50 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in American Express Company by 0.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 16,164 shares of the payment services company’s stock worth $1,124,000 after buying an additional 50 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in American Express Company by 0.4% in the fourth quarter.