NTV Asset Management LLC Has $2.87 Million Stake in American Express (NYSE:AXP)

NTV Asset Management LLC decreased its holdings in shares of American Express (NYSE:AXP) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,679 shares of the payment services company’s stock after selling 336 shares during the quarter. NTV Asset Management LLC’s holdings in American Express were worth $2,873,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Creative Planning raised its position in American Express by 4.8% during the third quarter. Creative Planning now owns 161,031 shares of the payment services company’s stock worth $43,672,000 after acquiring an additional 7,328 shares in the last quarter. Good Life Advisors LLC bought a new stake in American Express during the third quarter worth $387,000. Accurate Wealth Management LLC raised its position in American Express by 8.8% during the third quarter. Accurate Wealth Management LLC now owns 2,235 shares of the payment services company’s stock worth $620,000 after acquiring an additional 180 shares in the last quarter. Blue Trust Inc. raised its position in American Express by 46.4% during the third quarter. Blue Trust Inc. now owns 7,897 shares of the payment services company’s stock worth $2,142,000 after acquiring an additional 2,502 shares in the last quarter. Finally, Raymond James & Associates raised its position in American Express by 9.5% during the third quarter. Raymond James & Associates now owns 738,586 shares of the payment services company’s stock worth $200,305,000 after acquiring an additional 64,012 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AXP. Royal Bank of Canada increased their price objective on shares of American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Compass Point dropped their price objective on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Barclays increased their price objective on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods increased their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Finally, Citigroup increased their price objective on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $296.38.

Insider Activity

In other news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,664 shares of company stock worth $9,613,503. Corporate insiders own 0.12% of the company’s stock.

American Express Trading Up 1.3 %

Shares of American Express stock opened at $311.37 on Monday. The company has a market capitalization of $218.74 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.50 and a beta of 1.24. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $209.10 and a 12-month high of $326.27. The firm’s 50-day moving average price is $306.96 and its two-hundred day moving average price is $282.25.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, analysts forecast that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s payout ratio is currently 19.99%.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.