In yesterday’s Wall Street session, U.S. Bancorp (NYSE:USB) shares traded at $50.21, up 1.31% from the previous session.
USB stock price is now 7.93% away from the 50-day moving average and 16.76% away from the 200-day moving average. The market capitalization of the company currently stands at $79.36B.
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With the price target maintained at $51, Deutsche Bank recently Downgraded its rating from Buy to Hold for U.S. Bancorp (NYSE: USB). On September 30, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $54 to quote $57, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Richard Jodi L, Vice Chair sold 25,000 shares of the company’s stock on Oct 18 ’24. The stock was sold for $1,225,750 at an average price of $49.03. Upon completion of the transaction, the Vice Chair now directly owns 129,790 shares in the company, valued at $6.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17 ’24, Vice Chair Kotwal Shailesh M sold 35,000 shares of the business’s stock. A total of $1,741,040 was realized by selling the stock at an average price of $49.74. This leaves the insider owning 136,076 shares of the company worth $6.83 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 $33.61 and a high of $51.76. According to the stock market information, the enterprise value for the company is $90853195776, which is based on a 15.38 price-to-earnings ratio, a 3.07 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for USB is $46.5206 and a two-hundred day moving average price translates $43.00155 for the stock.
The latest earnings results from U.S. Bancorp (NYSE: USB) was released for 2024-09-30. The net profit margin was 12.25% and return on equity was 9.74% for USB. The company reported revenue of $8.09 billion for the quarter, compared to $7.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.28 percent.
