USB has been the subject of a number of other reports. Compass Point reduced their target price on shares of U.S. Bancorp to $43.00 in a report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of U.S. Bancorp from $60.00 to $52.00 in a report on Friday. Barclays upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $62.00 to $68.00 in a report on Tuesday, January 3rd. Citigroup raised their price objective on shares of U.S. Bancorp to $50.00 in a research note on Friday, December 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of U.S. Bancorp from $46.00 to $47.00 in a research note on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.72.
U.S. Bancorp Price Performance
NYSE USB opened at $46.61 on Tuesday. U.S. Bancorp has a 12 month low of $38.39 and a 12 month high of $63.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a market capitalization of $69.25 billion, a PE ratio of 11.07, a P/E/G ratio of 1.44 and a beta of 0.95. The company’s 50 day simple moving average is $43.74 and its 200 day simple moving average is $44.68.
U.S. Bancorp (NYSE:USB – Get Rating) last posted its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. U.S. Bancorp had a net margin of 26.01% and a return on equity of 15.25%. The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business earned $1.30 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that U.S. Bancorp will post 4.39 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Terrance R. Dolan sold 12,000 shares of U.S. Bancorp stock in a transaction on Monday, November 7th. The shares were sold at an average price of $43.14, for a total value of $517,680.00. Following the transaction, the chief financial officer now owns 153,051 shares in the company, valued at approximately $6,602,620.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other U.S. Bancorp news, CFO Terrance R. Dolan sold 12,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $43.14, for a total value of $517,680.00. Following the sale, the chief financial officer now directly owns 153,051 shares in the company, valued at approximately $6,602,620.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Terrance R. Dolan sold 15,000 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $43.34, for a total transaction of $650,100.00. Following the completion of the sale, the chief financial officer now owns 138,051 shares in the company, valued at $5,983,130.34. The disclosure for this sale can be found here. Insiders have sold 139,249 shares of company stock worth $6,064,745 in the last quarter. 0.23% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On U.S. Bancorp
A number of institutional investors have recently modified their holdings of USB. FMR LLC grew its holdings in U.S. Bancorp by 32.0% during the second quarter. FMR LLC now owns 23,223,435 shares of the financial services provider’s stock valued at $1,068,742,000 after purchasing an additional 5,628,247 shares during the period. Federated Hermes Inc. raised its position in U.S. Bancorp by 89.0% during the second quarter. Federated Hermes Inc. now owns 5,621,335 shares of the financial services provider’s stock worth $258,694,000 after acquiring an additional 2,646,898 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of U.S. Bancorp by 100.5% in the third quarter. Renaissance Technologies LLC now owns 5,262,600 shares of the financial services provider’s stock valued at $212,188,000 after purchasing an additional 2,637,400 shares during the period. Balyasny Asset Management LLC bought a new position in shares of U.S. Bancorp in the third quarter valued at about $95,568,000. Finally, Two Sigma Investments LP increased its position in U.S. Bancorp by 197.9% during the third quarter. Two Sigma Investments LP now owns 3,081,787 shares of the financial services provider’s stock worth $124,258,000 after acquiring an additional 2,047,150 shares during the period. 71.83% of the stock is owned by institutional investors.
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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