Stocks of American Express Co. (NYSE:AXP) traded higher last session on Wall Street, down -1.86% to $167.51.
AXP stock price is now 8.83% away from the 50-day moving average and 3.83% away from the 200-day moving average. The market capitalization of the company currently stands at $122.07B.
With the price target of $184, Barclays recently initiated with Overweight rating for American Express Co. (NYSE: AXP).
In other news, CAMPBELL JEFFREY C, Vice Chairman sold 21,008 shares of the company’s stock on Nov 29. The stock was sold for $3,536,277 at an average price of $168.33. Upon completion of the transaction, the Vice Chairman now directly owns 125,646 shares in the company, valued at $21.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Vice Chairman Buckminster Douglas E. sold 11,344 shares of the business’s stock. A total of $1,802,221 was realized by selling the stock at an average price of $158.87. This leaves the insider owning 88,376 shares of the company worth $14.8 million. Insiders disposed of 353,452 shares of company stock worth roughly $59.21 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $171.73 for American Express Co. (NYSE: AXP). During the past 12 months, American Express Co. has had a low of $140.91 and a high of $182.15. The fifty day moving average price for AXP is $153.92 and a two-hundred day moving average price translates $161.33 for the stock.
The latest earnings results from American Express Co. (NYSE: AXP) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $3.04, beating analysts’ expectations of $2.71 by 0.33. This compares to $2.47 EPS in the same period last year. The net profit margin was 12.14% and return on equity was 31.02% for AXP. The company reported revenue of $5.24 billion for the quarter, compared to $3.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 55.31 percent. For the current quarter, analysts expect AXP to generate $16B in revenue.
American Express Co.(AXP) Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company’s products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
