Shares of U.S. Bancorp (NYSE:USB – Get Rating) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $47.45 and last traded at $47.48, with a volume of 115755 shares traded. The stock had previously closed at $48.72.
A number of brokerages recently issued reports on USB. StockNews.com began coverage on U.S. Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Jefferies Financial Group downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $66.00 to $64.00 in a research report on Monday, February 14th. Bank of America increased their price objective on U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, April 18th. Morgan Stanley lowered their price objective on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, March 28th. Finally, Citigroup downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research report on Monday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average target price of $62.77.
The stock has a market cap of $70.20 billion, a PE ratio of 10.50, a PEG ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74. The company’s fifty day moving average is $50.91 and its 200-day moving average is $55.02.
U.S. Bancorp (NYSE:USB – Get Rating) last posted its quarterly earnings results on Thursday, April 14th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. U.S. Bancorp had a net margin of 30.41% and a return on equity of 15.24%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the business posted $1.45 earnings per share. U.S. Bancorp’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 4.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, March 30th. U.S. Bancorp’s payout ratio is currently 39.66%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Keudell Morrison Wealth Management raised its position in U.S. Bancorp by 1.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 84,335 shares of the financial services provider’s stock worth $5,013,000 after buying an additional 1,299 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of U.S. Bancorp by 12.0% during the third quarter. Center for Financial Planning Inc. now owns 7,975 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 857 shares during the period. Morgan Stanley grew its position in shares of U.S. Bancorp by 1.0% during the third quarter. Morgan Stanley now owns 5,905,344 shares of the financial services provider’s stock worth $351,014,000 after buying an additional 58,899 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in U.S. Bancorp by 133.2% in the third quarter. Gotham Asset Management LLC now owns 8,443 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 4,823 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of U.S. Bancorp during the third quarter valued at $7,622,000. Institutional investors own 74.92% of the company’s stock.
U.S. Bancorp Company Profile (NYSE:USB)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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Source: defenseworld.net
