U.S. Bancorp (NYSE: USB) is 10.00% higher on its value in year-to-date trading and has touched a low of $33.61 and a high of $50.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The USB stock was last observed hovering at around $47.19 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $47.61, the stock is -0.38% and 2.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing 0.89% at the moment leaves the stock 11.02% off its SMA200. USB registered 34.15% gain for a year compared to 6-month gain of 14.50%. The firm has a 50-day simple moving average (SMA 50) of $46.228 and a 200-day simple moving average (SMA200) of $42.85355.
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The stock witnessed a 7.06% loss in the last 1 month and extending the period to 3 months gives it a 15.03%, and is -1.27% 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 1.78% over the week and 1.99% over the month.
U.S. Bancorp (USB) has around 75465 employees, a market worth around $74.30B and $41.90B in sales. Current P/E ratio is 14.58 and Fwd P/E is 11.08. Profit margin for the company is 12.43%. Distance from 52-week low is 41.65% and -5.67% from its 52-week high. The company has generated returns on investments over the last 12 months (4.58%).
with sales reaching $6.98B over the same period.The EPS is expected to grow by 17.54% this year, but quarterly earnings will post -2.60% year-over-year. Quarterly sales are estimated to grow 1.90% in year-over-year returns.
U.S. Bancorp (USB) Top Institutional Holders
2103.0 institutions hold shares in U.S. Bancorp (USB), with institutional investors hold 79.65% of the company’s shares. The shares outstanding are 1.56B, and float is at 1.56B with Short Float at 1.18%. Institutions hold 79.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 135.59 million shares valued at $5.38 billion. The investor’s holdings represent 8.697% of the USB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 110.54 million shares valued at $4.39 billion to account for 7.0906 of the shares outstanding. The other top investors are STATE STREET CORP which holds 66.46 million shares representing 4.2632% and valued at over $2.67 billion, while MUFG BANK, LTD. holds 4.2279 of the shares totaling 65.91 million with a market value of $2.62 billion.
U.S. Bancorp (USB) Insider Activity
The most recent transaction is an insider sale by Richard Jodi L, the company’s Vice Chair. SEC filings show that Richard Jodi L sold 25,000 shares of the company’s common stock on Oct 18 ’24 at a price of $49.03 per share for a total of $1.23 million. Following the sale, the insider now owns 0.13 million shares.
U.S. Bancorp disclosed in a document filed with the SEC on Oct 17 ’24 that Kotwal Shailesh M (Vice Chair) sold a total of 35,000 shares of the company’s common stock. The trade occurred on Oct 17 ’24 and was made at $49.74 per share for $1.74 million. Following the transaction, the insider now directly holds 0.14 million shares of the USB stock.
Still, SEC filings show that on Oct 18 ’24, Richard Jodi L (Officer) Proposed Sale 25,000 shares at an average price of $49.03 for $1.23 million. The insider now directly holds shares of U.S. Bancorp (USB).
