Washington Trust Advisors Inc. trimmed its position in American Express ( NYSE:AXP – Get Rating ) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,842 shares of the payment services company's stock after selling 1,129 shares during the quarter. Washington Trust Advisors Inc.'s holdings in American Express were worth $1,306,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of the company.

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