U.S. Bancorp (NYSE:USB – Get Rating) had its price objective boosted by equities research analysts at Citigroup to $52.00 in a note issued to investors on Friday, Stock Target Advisor reports. Citigroup’s target price would suggest a potential upside of 8.99% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. StockNews.com assumed coverage on U.S. Bancorp in a research report on Thursday, March 31st. They set a “hold” rating for the company. Oppenheimer set a $68.00 price target on U.S. Bancorp in a research report on Tuesday. Jefferies Financial Group reduced their price target on U.S. Bancorp from $52.00 to $45.00 in a research report on Monday, July 11th. Royal Bank of Canada dropped their price objective on U.S. Bancorp from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, July 1st. Finally, Credit Suisse Group dropped their price objective on U.S. Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.47.
U.S. Bancorp Stock Up 0.2 %
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Shares of USB traded up $0.10 during midday trading on Friday, reaching $47.71. 5,009,129 shares of the stock were exchanged, compared to its average volume of 7,682,318. U.S. Bancorp has a 52 week low of $43.74 and a 52 week high of $63.57. The company’s 50 day moving average is $48.27 and its two-hundred day moving average is $52.98. The company has a market capitalization of $70.88 billion, a P/E ratio of 10.97, a PEG ratio of 1.64 and a beta of 1.00. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.70.
U.S. Bancorp (NYSE:USB – Get Rating) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. U.S. Bancorp had a return on equity of 15.05% and a net margin of 28.08%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same period last year, the business posted $1.28 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.4 earnings per share for the current year.
Institutional Investors Weigh In On U.S. Bancorp
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in U.S. Bancorp by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 111,805,389 shares of the financial services provider’s stock worth $5,942,456,000 after purchasing an additional 2,618,810 shares in the last quarter. BlackRock Inc. grew its stake in U.S. Bancorp by 1.9% during the 1st quarter. BlackRock Inc. now owns 97,457,184 shares of the financial services provider’s stock worth $5,179,851,000 after purchasing an additional 1,840,496 shares in the last quarter. State Street Corp grew its stake in U.S. Bancorp by 0.3% during the 1st quarter. State Street Corp now owns 63,300,947 shares of the financial services provider’s stock worth $3,393,153,000 after purchasing an additional 190,720 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of U.S. Bancorp by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 23,287,715 shares of the financial services provider’s stock worth $1,305,145,000 after acquiring an additional 493,821 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of U.S. Bancorp by 7.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,052,957 shares of the financial services provider’s stock worth $1,172,115,000 after acquiring an additional 1,622,711 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.
U.S. Bancorp Company Profile
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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