In Thursday’s Wall Street session, U.S. Bancorp (NYSE:USB) shares traded at $46.76, down -0.76% from the previous session.
USB stock price is now -3.82% away from the 50-day moving average and 2.65% away from the 200-day moving average. The market capitalization of the company currently stands at $72.95B.
With the price target maintained at $58, Piper Sandler recently Upgraded its rating from Neutral to Overweight for U.S. Bancorp (NYSE: USB). On January 02, 2025, DA Davidson Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $58 to quote $60, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, DOLAN TERRANCE R, Officer bought 25,000 shares of the company’s stock on Feb 13 ’25. The stock was bought for $1,174,529 at an average price of $46.98. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’25, Senior EVP and General Counsel CHOSY JAMES L sold 21,451 shares of the business’s stock. A total of $1,022,140 was realized by selling the stock at an average price of $47.65. This leaves the insider owning 198,127 shares of the company worth $9.26 million. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, U.S. Bancorp has had a low of $37.81 and a high of $53.98.
The net profit margin was 14.19% and return on equity was 11.01% for USB. The company reported revenue of $7.83 billion for the quarter, compared to $7.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.88 percent.
