American Express Co. (NYSE: AXP) is 19.63% higher on its value in year-to-date trading and has touched a low of $140.91 and a high of $231.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXP stock was last observed hovering at around $222.46 in the last trading session, with the day’s gains setting it 1.65%.
Currently trading at $224.11, the stock is 0.02% and 3.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.74% at the moment leaves the stock 26.00% off its SMA200. AXP registered 39.13% gain for a year compared to 6-month gain of 52.36%.
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The stock witnessed a 0.31% loss in the last 1 month and extending the period to 3 months gives it a 18.54%, and is -1.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.83% over the week and 1.54% over the month.
American Express Co. (AXP) has around 74600 employees, a market worth around $162.23B and $67.38B in sales. Current P/E ratio is 19.98 and Fwd P/E is 15.16. Profit margin for the company is 12.25%. Distance from 52-week low is 59.04% and -3.27% from its 52-week high. The company has generated returns on investments over the last 12 months (12.59%).
American Express Co. quarterly earnings per share for the current quarter are estimated at $2.94 with sales reaching $15.79B over the same period.The EPS is expected to grow by 14.99% this year, but quarterly earnings will post 9.40% year-over-year. Quarterly sales are estimated to grow 21.00% in year-over-year returns.
American Express Co. (AXP) Top Institutional Holders
2,752 institutions hold shares in American Express Co. (AXP), with institutional investors hold 82.67% of the company’s shares. The shares outstanding are 723.00M, and float is at 722.90M with Short Float at 1.05%. Institutions hold 65.26% of the Float.
The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 151.61 million shares valued at $26.41 billion. The investor’s holdings represent 20.59% of the AXP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 47.42 million shares valued at $8.26 billion to account for 6.44% of the shares outstanding. The other top investors are Blackrock Inc. which holds 45.15 million shares representing 6.13% and valued at over $7.86 billion, while State Street Corporation holds 4.12% of the shares totaling 30.32 million with a market value of $5.28 billion.
American Express Co. (AXP) Insider Activity
The most recent transaction is an insider sale by Marquez Rafael,the company’sPresident, International Card. SEC filings show that Marquez Rafael sold 7,900 shares of the company’s common stock on Feb 29 ’24 at a price of $219.08 per share for a total of $1.73 million. Following the sale, the insider now owns 13524.0 shares.
American Express Co. disclosed in a document filed with the SEC on Feb 20 ’24 that Joabar Raymond (Grp. Pres., GMNS) sold a total of 8,625 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $213.04 per share for $1.84 million. Following the transaction, the insider now directly holds 12687.0 shares of the AXP stock.
Still, SEC filings show that on Feb 12 ’24, Seeger Laureen (Chief Legal Officer) disposed off 84,420 shares at an average price of $212.98 for $17.98 million. The insider now directly holds 57,512 shares of American Express Co. (AXP).
