U.S. Bancorp (NYSE:USB) shares reached a new 52-week high on Friday . The company traded as high as $60.57 and last traded at $60.31, with a volume of 137877 shares traded. The stock had previously closed at $59.60.
Several equities analysts have issued reports on USB shares. Credit Suisse Group restated a “hold” rating and issued a $55.00 price target on shares of U.S. Bancorp in a research report on Thursday, September 12th. Bank of America lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $55.00 to $53.00 in a report on Monday, September 30th. Citigroup cut shares of U.S. Bancorp from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $54.00 to $49.00 in a research note on Tuesday, October 8th. Odeon Capital Group started coverage on U.S. Bancorp in a report on Thursday. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised their target price on U.S. Bancorp from $55.50 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.64.
The stock has a market cap of $93.93 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.83. The firm’s fifty day simple moving average is $58.36 and its 200-day simple moving average is $54.62.
In other U.S. Bancorp news, insider Gillern Jeffry H. Von sold 5,357 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total value of $303,581.19. Following the completion of the sale, the insider now directly owns 89,301 shares in the company, valued at $5,060,687.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David B. Omaley sold 10,133 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the transaction, the director now directly owns 191,754 shares in the company, valued at $10,692,203.04. The disclosure for this sale can be found here. Insiders have sold 239,294 shares of company stock valued at $14,048,412 in the last three months. 0.24% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in shares of U.S. Bancorp by 0.8% during the second quarter. Northern Trust Corp now owns 20,491,980 shares of the financial services provider’s stock valued at $1,073,779,000 after purchasing an additional 171,826 shares during the period. Janus Henderson Group PLC raised its stake in U.S. Bancorp by 2.4% during the 2nd quarter. Janus Henderson Group PLC now owns 13,382,530 shares of the financial services provider’s stock worth $701,230,000 after buying an additional 310,818 shares during the period. Nuveen Asset Management LLC boosted its holdings in U.S. Bancorp by 17,492.7% in the second quarter. Nuveen Asset Management LLC now owns 12,734,464 shares of the financial services provider’s stock worth $667,286,000 after acquiring an additional 12,662,079 shares in the last quarter. Fiera Capital Corp boosted its holdings in U.S. Bancorp by 4.2% in the second quarter. Fiera Capital Corp now owns 9,521,304 shares of the financial services provider’s stock worth $498,916,000 after acquiring an additional 387,833 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in U.S. Bancorp by 2.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,615,250 shares of the financial services provider’s stock valued at $346,640,000 after acquiring an additional 144,372 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.
About U.S. Bancorp (NYSE:USB)
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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