U.S. Bancorp (NYSE:USB) Receives $54.45 Consensus PT from Analysts

by · The Cerbat Gem

U.S. Bancorp (NYSE:USB – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $54.45.

USB has been the subject of several recent research reports. Bank of America upped their price target on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 17th. Oppenheimer cut their target price on U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Cowen reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, October 20th. The Goldman Sachs Group set a $52.00 price target on shares of U.S. Bancorp and gave the company a “neutral” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective for the company in a report on Thursday, October 23rd.

Read Our Latest Report on U.S. Bancorp

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 26,909 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the sale, the executive vice president owned 226,375 shares of the company’s stock, valued at $10,607,932.50. The trade was a 10.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.34, for a total value of $6,508,221.30. Following the completion of the sale, the chairman owned 1,360,414 shares in the company, valued at $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Andra AP fonden raised its position in shares of U.S. Bancorp by 175.6% in the 2nd quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock valued at $20,743,000 after acquiring an additional 292,100 shares during the period. Ally Financial Inc. increased its stake in U.S. Bancorp by 12.3% in the first quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider’s stock valued at $3,842,000 after purchasing an additional 10,000 shares in the last quarter. Jump Financial LLC raised its holdings in U.S. Bancorp by 1,952.5% in the first quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider’s stock worth $35,478,000 after purchasing an additional 799,368 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of U.S. Bancorp during the first quarter worth $428,000. Finally, Orion Capital Management LLC bought a new position in shares of U.S. Bancorp during the first quarter worth $616,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $49.72 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $77.29 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.10. The firm has a fifty day moving average price of $47.48 and a two-hundred day moving average price of $46.59. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $52.88.

U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.52 per share. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is 47.60%.

U.S. Bancorp Company Profile

(Get Free Report)

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.

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