In recent trading session, U.S. Bancorp (NYSE:USB) saw 1,614,521 shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $38.01 trading at -$0.06 or -0.16% at recent trade assigns it a market valuation of $57.66 Billion. That current trading price of USB’s stock is at a discount of -60.77% from its 52-week high price of $61.11 and is indicating a premium of 25.39% from its 52-week low price of $28.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.38 Million shares which gives us an average trading volume of 6.21 Million if we extend that period to 3-months.
U.S. Bancorp (NYSE:USB) trade information
In the face of being in the red today for losing -0.16%, in the last five days USB remained trading in the green while hitting it’s week-highest on Monday, Oct 26 when the stock touched $40.27- price level, adding 5.34% to its value on the day. U.S. Bancorp’s shares saw a change of -35.71% in year-to-date performance and have moved -6.25% in past 5-day. U.S. Bancorp (NYSE:USB) showed a performance of 6.33% in past 30-days. Number of shares sold short was 12.65 Million shares which calculate 2.04 days to cover the short interests.
U.S. Bancorp (USB) estimates and forecasts
Statistics highlight that U.S. Bancorp is scoring comparatively higher than the scores of other players of the relevant industry. The company added +8.96% of value to its shares in past 6 months, showing an annual growth rate of -30.41% while that of industry is -30.8. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 2.2% in the current quarter and calculating 8.3% increase in the next quarter. This year revenue growth is estimated to rise 1.6% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.82 Billion for the same. And 7 analysts are in estimates of company making revenue of $5.64 Billion in the next quarter that will end in March 01, 2021. Company posted $5.64 Billion and $5.75 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.1% while estimating it to be -1.9% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 6.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 0.4% while estimates for its earnings growth in next 5 years are of 2.03%
U.S. Bancorp is more likely to be releasing its next quarterly report between January 20 and January 20, 2021, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.41%, the share has a forward dividend of 1.68 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.67%.
U.S. Bancorp (NYSE:USB)’s Major holders
Insiders are in possession of 0.09% of company’s total shares while institution are holding 77.75% percent of that, with stock having share float percentage of 77.82%. Investors also watch the number of corporate investors in a company very closely, which is 1920 institutions for U.S. Bancorp that are currently holding shares of the company. Berkshire Hathaway, Inc is the top institutional holder at USB for having 131.96 Million shares of worth $4.86 Billion. And as of June 29, 2020, it was holding 8.76% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 111.11 Million shares on June 29, 2020. The number of shares represents firm’s hold over 7.38% of outstanding shares, having a total worth of $4.09 Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 38615028 shares of worth $1.42 Billion or 2.56% of the total outstanding shares. The later fund manager was in possession of 28.44 Million shares on June 29, 2020, making its stake of worth around $1.05 Billion in the company or a holder of 1.89% of company’s stock.