StockNews.com upgraded shares of U.S. Bancorp (NYSE:USB – Free Report) from a sell rating to a hold rating in a research note published on Tuesday morning.
Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an overweight rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group upped their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a hold rating in a research report on Monday, April 8th. DA Davidson lowered their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a neutral rating for the company in a research report on Thursday, April 18th. Keefe, Bruyette & Woods reiterated a market perform rating and set a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Finally, Evercore ISI upped their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an in-line rating in a research report on Thursday, March 28th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has an average rating of Hold and an average price target of $46.02.
View Our Latest Analysis on USB
U.S. Bancorp Price Performance
Shares of NYSE:USB opened at $41.95 on Tuesday. The firm has a 50 day moving average of $42.33 and a 200-day moving average of $40.92. The stock has a market capitalization of $65.46 billion, a PE ratio of 13.89, a PEG ratio of 2.18 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $28.67 and a 12 month high of $45.85.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 EPS. On average, equities research analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.
U.S. Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.
Insider Transactions at U.S. Bancorp
In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On U.S. Bancorp
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after purchasing an additional 6,479,642 shares during the period. Mufg Bank LTD. grew its holdings in shares of U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after buying an additional 24,000,000 shares during the last quarter. FMR LLC grew its holdings in shares of U.S. Bancorp by 1.8% during the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after buying an additional 674,583 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of U.S. Bancorp by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after buying an additional 2,598,163 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its holdings in shares of U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after buying an additional 17,066,479 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.
About U.S. Bancorp
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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
Read More
Receive News & Ratings for U.S. Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for U.S. Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
