U.S. Bancorp (NYSE:USB – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $66.5227.
Several equities analysts have weighed in on USB shares. Wells Fargo & Company lifted their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird raised 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. Morgan Stanley lifted their target price on shares of U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $57.50 to $65.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th.
View Our Latest Report on U.S. Bancorp
Insider Activity
Institutional Trading of U.S. Bancorp
A number of large investors have recently added to or reduced their stakes in USB. Vanguard Group Inc. lifted its stake in U.S. Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after purchasing an additional 1,828,404 shares during the last quarter. State Street Corp grew its stake in shares of U.S. Bancorp by 0.8% during the fourth quarter. State Street Corp now owns 69,701,898 shares of the financial services provider’s stock valued at $3,755,083,000 after buying an additional 522,368 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of U.S. Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider’s stock valued at $2,002,518,000 after buying an additional 443,646 shares during the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $1,887,497,000. Finally, Auto Owners Insurance Co lifted its stake in shares of U.S. Bancorp by 5,236.0% during the 4th quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after acquiring an additional 32,725,000 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.
Key Headlines Impacting U.S. Bancorp
Here are the key news stories impacting U.S. Bancorp this week:
- Positive Sentiment: U.S. Bancorp posted Q2 earnings of $1.35 per share on revenue of $7.71 billion, both above estimates, with record quarterly revenue driven by loan growth, fee income, and a boost from its BTIG acquisition. U.S. Bancorp Q2 Earnings Beat Estimates on NII & Fee Revenue Growth
- Positive Sentiment: Management raised full-year revenue guidance to a 7% to 9% growth range, signaling confidence that momentum from higher net interest income and fee revenue will continue. Is USB’s Stronger Outlook And BTIG Fee Push Altering The Investment Case For U.S. Bancorp (USB)?
- Positive Sentiment: Several firms lifted price targets after the earnings release, including Oppenheimer, Wells Fargo, Truist, RBC, and Baird, reflecting improved sentiment around USB’s outlook. US Bancorp analysts boost their forecasts after upbeat Q2 results
U.S. Bancorp Stock Down 0.0%
NYSE USB opened at $63.14 on Monday. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $64.84. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $97.93 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The stock’s 50-day moving average price is $57.89 and its 200-day moving average price is $56.09.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period in the previous year, the company posted $1.11 EPS. On average, equities research analysts predict that U.S. Bancorp will post 5.18 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Bancorp’s dividend payout ratio is 41.52%.
About U.S. Bancorp
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.
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