American Express Co (NYSE: AXP) is 60.85% higher on its value in year-to-date trading and has touched a low of $177.81 and a high of $307.82 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 $303.57 in the last trading session, with the day’s loss setting it -2.23%.
Currently trading at $301.34, the stock is 0.32% and 5.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.58 million and changing -0.73% at the moment leaves the stock 19.93% off its SMA200. AXP registered 66.94% gain for a year compared to 6-month gain of 31.41%. The firm has a 50-day simple moving average (SMA 50) of $286.4192 and a 200-day simple moving average (SMA200) of $250.84515.
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The stock witnessed a 5.04% loss in the last 1 month and extending the period to 3 months gives it a 14.94%, and is -0.25% 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 1.24% over the week and 1.63% over the month.
American Express Co (AXP) has around 74600 employees, a market worth around $212.28B and $72.73B in sales. Current P/E ratio is 22.17 and Fwd P/E is 19.89. Profit margin for the company is 13.42%. Distance from 52-week low is 69.47% and -2.11% from its 52-week high. The company has generated returns on investments over the last 12 months (11.72%).
with sales reaching $17.14B over the same period.The EPS is expected to grow by 24.25% this year, but quarterly earnings will post 9.34% year-over-year. Quarterly sales are estimated to grow 8.52% in year-over-year returns.
American Express Co (AXP) Top Institutional Holders
3107.0 institutions hold shares in American Express Co (AXP), with institutional investors hold 82.23% of the company’s shares. The shares outstanding are 704.00M, and float is at 703.51M with Short Float at 1.23%. Institutions hold 64.43% 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 Le Caillec Christophe, the company’s Chief Financial Officer. SEC filings show that Le Caillec Christophe sold 6,000 shares of the company’s common stock on Nov 27 ’24 at a price of $303.48 per share for a total of $1.82 million. Following the sale, the insider now owns 6433.0 shares.
Still, SEC filings show that on Nov 07 ’24, Squeri Stephen J (Chairman and CEO) disposed off 170,632 shares at an average price of $286.57 for $48.9 million. The insider now directly holds 92,810 shares of American Express Co (AXP).
