The stock of U.S. Bancorp. (NYSE:USB) last traded at $47.00, down -0.25% from the previous session.
USB stock price is now 5.22% away from the 50-day moving average and 10.72% away from the 200-day moving average. The market capitalization of the company currently stands at $73.34B.
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With the price target enhanced from $54 to $57, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for U.S. Bancorp. (NYSE: USB). On June 27, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $43.50, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
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 $0.47 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 $7.75 million. A total of 0.21% 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 $47.31. According to the stock market information, the enterprise value for the company is $86175162368, which is based on a 14.91 price-to-earnings ratio, a 4.56 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for USB is $44.6668 and a two-hundred day moving average price translates $42.4499 for the stock.
The latest earnings results from U.S. Bancorp. (NYSE: USB) was released for 2024-06-30. The net profit margin was 11.78% and return on equity was 9.61% for USB. The company reported revenue of $7.99 billion for the quarter, compared to $7.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.1 percent. For the current quarter, analysts expect USB to generate $6.9B in revenue.
