The stock of U.S. Bancorp. (NYSE:USB) last traded at $45.04, up 0.63% from the previous session.
USB stock price is now 11.19% away from the 50-day moving average and 12.66% away from the 200-day moving average. The market capitalization of the company currently stands at $70.28B.
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With the price target maintained at $43.50, JP Morgan recently Downgraded its rating from Overweight to Neutral for U.S. Bancorp. (NYSE: USB). On April 18, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $52 to quote $45, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, Gillani Aleem, Director bought 10,000 shares of the company’s stock on Jul 18 ’24. The stock was bought for $449,900 at an average price of $44.99. Upon completion of the transaction, the Director now directly owns 10,000 shares in the company, valued at $0.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, Senior EVP and General Counsel CHOSY JAMES L sold 21,582 shares of the business’s stock. A total of $895,070 was realized by selling the stock at an average price of $41.47. This leaves the insider owning 164,880 shares of the company worth $7.43 million. A total of 0.22% of the company’s stock is owned by insiders.
During the past 12 months, U.S. Bancorp. has had a low of $30.47 and a high of $45.85. According to the stock market information, the enterprise value for the company is $80980402176, which is based on a 14.29 price-to-earnings ratio, a 7.94 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for USB is $40.4628 and a two-hundred day moving average price translates $40.4589 for the stock.
The latest earnings results from U.S. Bancorp. (NYSE: USB) was released for 2024-06-30. The net profit margin was 11.94% and return on equity was 9.63% for USB. The company reported revenue of $7.76 billion for the quarter, compared to $6.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.49 percent.
