U.S. Bancorp. (NYSE: USB) is -0.12% lower on its value in year-to-date trading and has touched a low of $27.27 and a high of $45.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The USB stock was last observed hovering at around $43.95 in the last trading session, with the day’s loss setting it -0.72%.
Currently trading at $43.23, the stock is -0.18% and 2.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.46 million and changing -1.64% at the moment leaves the stock 13.63% off its SMA200. USB registered 21.95% gain for a year compared to 6-month gain of 30.76%.
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The stock witnessed a 4.37% loss in the last 1 month and extending the period to 3 months gives it a -0.12%, and is -0.73% 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 1.65% over the week and 2.19% over the month.
U.S. Bancorp. (USB) has around 75465 employees, a market worth around $67.37B and $40.09B in sales. Current P/E ratio is 13.19 and Fwd P/E is 9.89. Profit margin for the company is 12.60%. Distance from 52-week low is 58.53% and -5.71% from its 52-week high. The company has generated returns on investments over the last 12 months (4.99%).
U.S. Bancorp. quarterly earnings per share for the current quarter are estimated at $0.88 with sales reaching $6.73B over the same period.The EPS is expected to grow by 18.77% this year, but quarterly earnings will post -1.70% year-over-year. Quarterly sales are estimated to shrink -5.80% in year-over-year returns.
U.S. Bancorp. (USB) Top Institutional Holders
2,099 institutions hold shares in U.S. Bancorp. (USB), with institutional investors hold 79.63% of the company’s shares. The shares outstanding are 1.56B, and float is at 1.55B with Short Float at 1.41%. Institutions hold 79.53% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 130.03 million shares valued at $4.3 billion. The investor’s holdings represent 8.48% of the USB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 110.7 million shares valued at $3.66 billion to account for 7.22% of the shares outstanding. The other top investors are State Street Corporation which holds 60.46 million shares representing 3.94% and valued at over $2.0 billion, while JP Morgan Chase & Company holds 3.50% of the shares totaling 53.65 million with a market value of $1.77 billion.
U.S. Bancorp. (USB) Insider Activity
The most recent transaction is an insider sale by CHOSY JAMES L,the company’sSenior EVP and General Counsel. SEC filings show that CHOSY JAMES L sold 21,582 shares of the company’s common stock on Feb 16 ’24 at a price of $41.47 per share for a total of $0.9 million. Following the sale, the insider now owns 0.16 million shares.
U.S. Bancorp. disclosed in a document filed with the SEC on Feb 15 ’24 that CECERE ANDREW (Chairman, President and CEO) sold a total of 93,366 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $41.35 per share for $3.86 million. Following the transaction, the insider now directly holds 1.08 million shares of the USB stock.
Still, SEC filings show that on Jan 30 ’24, DOLAN TERRANCE R (Vice Chair) disposed off 26,583 shares at an average price of $43.37 for $1.15 million. The insider now directly holds 144,236 shares of U.S. Bancorp. (USB).
