Brown Brothers Harriman & Co. lessened its stake in American Express ( NYSE:AXP ) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,098 shares of the payment services company's stock after selling 366 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in American Express were worth $6,368,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company.

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