American Express Co. (NYSE: AXP) is 41.67% higher on its value in year-to-date trading and has touched a low of $140.91 and a high of $262.85 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 $261.09 in the last trading session, with the day’s gains setting it 4.31%.
Currently trading at $265.40, the stock is 4.80% and 7.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing 1.65% at the moment leaves the stock 19.55% off its SMA200. AXP registered 62.08% gain for a year compared to 6-month gain of 20.11%.
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The stock witnessed a 5.44% loss in the last 1 month and extending the period to 3 months gives it a 16.27%, and is 8.14% up 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 2.35% over the week and 2.17% over the month.
American Express Co. (AXP) has around 74600 employees, a market worth around $188.68B and $71.15B in sales. Current P/E ratio is 19.80 and Fwd P/E is 17.83. Profit margin for the company is 13.64%. Distance from 52-week low is 88.35% and 0.97% from its 52-week high. The company has generated returns on investments over the last 12 months (11.97%).
The EPS is expected to grow by 21.16% this year.
American Express Co. (AXP) Top Institutional Holders
2998.0 institutions hold shares in American Express Co. (AXP), with institutional investors hold 83.16% of the company’s shares. The shares outstanding are 723.00M, and float is at 710.01M with Short Float at 1.31%. Institutions hold 65.33% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 151.61 million shares valued at $35.11 billion. The investor’s holdings represent 21.0278% of the AXP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 45.2 million shares valued at $10.47 billion to account for 6.2687 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 41.9 million shares representing 5.811% and valued at over $9.7 billion, while STATE STREET CORP holds 4.0616 of the shares totaling 29.28 million with a market value of $6.78 billion.
American Express Co. (AXP) Insider Activity
The most recent transaction is an insider sale by Pickett Denise, the company’s Pres., GSG and TLS. SEC filings show that Pickett Denise sold 2,768 shares of the company’s common stock on May 22 ’24 at a price of $240.68 per share for a total of $0.67 million. Following the sale, the insider now owns 12560.0 shares.
American Express Co. disclosed in a document filed with the SEC on May 20 ’24 that Joabar Raymond (Grp. Pres., GMNS) sold a total of 2,230 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $242.88 per share for $0.54 million. Following the transaction, the insider now directly holds 12707.0 shares of the AXP stock.
Still, SEC filings show that on May 20 ’24, Joabar Raymond (Grp. Pres., GMNS) disposed off 425 shares at an average price of $242.70 for $0.1 million. The insider now directly holds 2,393 shares of American Express Co. (AXP).
