Stocks of U.S. Bancorp (NYSE:USB) traded higher last session on Wall Street, up 0.77% to $44.72.
USB stock price is now -6.01% away from the 50-day moving average and -2.29% away from the 200-day moving average. The market capitalization of the company currently stands at $69.67B.
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, Roy Arijit, Officer bought 2,237 shares of the company’s stock on Mar 07 ’25. The stock was bought for $97,701 at an average price of $43.68. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Officer DOLAN TERRANCE R bought 25,000 shares of the business’s stock. A total of $1,174,529 was incurred on buying the stock at an average price of $46.98. A total of 0.26% 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 13.97% and return on equity was 11.00% 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.
