U.S. Bancorp (NYSE:USB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of U.S. Bancorp (NYSE:USBGet Free Report) have earned an average rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $67.0625.

Several brokerages recently issued reports on USB. Barclays boosted their target price on shares of U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Robert W. Baird boosted their price objective on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of U.S. Bancorp in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on U.S. Bancorp from $67.50 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Truist Financial upped their price target on U.S. Bancorp from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 17th.

View Our Latest Research Report on U.S. Bancorp

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at $26,585,960.94. This represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen L. Philipson sold 36,906 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On U.S. Bancorp

A number of institutional investors have recently bought and sold shares of the business. Financial Life Planners bought a new stake in U.S. Bancorp during the first quarter valued at about $27,000. Main Street Group LTD bought a new position in shares of U.S. Bancorp in the first quarter worth about $28,000. JPL Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the third quarter worth about $28,000. Archer Investment Corp bought a new stake in U.S. Bancorp during the 2nd quarter valued at approximately $29,000. Finally, Parvin Asset Management LLC purchased a new position in U.S. Bancorp in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 1.3%

U.S. Bancorp stock opened at $61.66 on Tuesday. The business has a 50-day simple moving average of $62.90 and a two-hundred day simple moving average of $57.74. The company has a market cap of $96.07 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.02 and a beta of 0.96. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

U.S. Bancorp (NYSE:USBGet Free Report) last released its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter in the prior year, the firm earned $1.11 EPS. Analysts predict that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

About U.S. Bancorp

(Get Free Report)

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

See Also

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

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