U.S. Bancorp (NYSE:USB) Receives $57.21 Average PT from Brokerages

Shares of U.S. Bancorp (NYSE:USB) have received an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $57.21.

A number of analysts recently weighed in on USB shares. UBS Group upped their target price on shares of U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Piper Jaffray Companies set a $59.00 target price on shares of U.S. Bancorp and gave the stock a “buy” rating in a research note on Friday, September 13th. Credit Suisse Group restated a “hold” rating and set a $55.00 target price on shares of U.S. Bancorp in a research note on Thursday, September 12th. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Tuesday. Finally, Morgan Stanley restated a “sell” rating and set a $62.00 target price (up from $61.00) on shares of U.S. Bancorp in a research note on Monday, November 18th.

Shares of NYSE:USB opened at $60.55 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $93.71 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.11. The firm’s 50-day moving average is $58.90 and its two-hundred day moving average is $54.88. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $60.70.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. Analysts expect that U.S. Bancorp will post 4.34 EPS for the current fiscal year.

In related news, CEO Andrew Cecere sold 165,564 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $58.81, for a total value of $9,736,818.84. Following the completion of the transaction, the chief executive officer now directly owns 900,118 shares of the company’s stock, valued at $52,935,939.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James L. Chosy sold 12,356 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $59.93, for a total value of $740,495.08. Following the completion of the transaction, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at $6,129,999.98. The disclosure for this sale can be found here. Insiders have sold 229,161 shares of company stock worth $13,483,396 over the last 90 days. Insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Equitable Trust Co. boosted its holdings in U.S. Bancorp by 1.7% in the second quarter. Equitable Trust Co. now owns 11,990 shares of the financial services provider’s stock valued at $628,000 after purchasing an additional 200 shares in the last quarter. FTB Advisors Inc. boosted its holdings in U.S. Bancorp by 34.8% in the second quarter. FTB Advisors Inc. now owns 5,251 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 1,356 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in U.S. Bancorp by 2.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,615,250 shares of the financial services provider’s stock valued at $346,640,000 after purchasing an additional 144,372 shares in the last quarter. Davis R M Inc. boosted its holdings in U.S. Bancorp by 0.3% in the third quarter. Davis R M Inc. now owns 821,143 shares of the financial services provider’s stock valued at $45,442,000 after purchasing an additional 2,809 shares in the last quarter. Finally, Corient Capital Partners LLC boosted its holdings in U.S. Bancorp by 17.9% in the second quarter. Corient Capital Partners LLC now owns 34,016 shares of the financial services provider’s stock valued at $1,783,000 after purchasing an additional 5,154 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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