U.S. Bancorp (NYSE:USB) had its target price lifted by Credit Agricole SA from $43.00 to $45.00 in a report released on Friday. They currently have an underperform rating on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of U.S. Bancorp from $45.00 to $43.00 and set a market perform rating for the company in a research note on Tuesday, July 5th. Wells Fargo & Co. reissued a buy rating on shares of U.S. Bancorp in a research note on Friday, September 16th. Piper Jaffray Cos. reissued an overweight rating and issued a $47.00 target price (up from $46.00) on shares of U.S. Bancorp in a research note on Tuesday, July 19th. Credit Suisse Group AG reissued a hold rating on shares of U.S. Bancorp in a research note on Tuesday, July 12th. Finally, Zacks Investment Research cut shares of U.S. Bancorp from a hold rating to a sell rating in a research report on Monday, September 19th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $45.17.
U.S. Bancorp (NYSE:USB) opened at 42.62 on Friday. The stock has a market capitalization of $72.95 billion, a P/E ratio of 13.36 and a beta of 0.72. U.S. Bancorp has a 12 month low of $37.07 and a 12 month high of $44.58. The company’s 50-day moving average is $43.28 and its 200-day moving average is $41.92.
U.S. Bancorp (NYSE:USB) last released its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. U.S. Bancorp had a net margin of 26.56% and a return on equity of 14.05%. The business earned $5.45 billion during the quarter. During the same period in the prior year, the business posted $0.80 earnings per share. U.S. Bancorp’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that U.S. Bancorp will post $3.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.28 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, September 28th. U.S. Bancorp’s payout ratio is 31.88%.
In other news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the sale, the insider now directly owns 178,422 shares in the company, valued at $7,493,724. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Craig E. Gifford sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $41.87, for a total value of $104,675.00. Following the sale, the executive vice president now owns 49,881 shares in the company, valued at $2,088,517.47. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its stake in shares of U.S. Bancorp by 13.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,606 shares of the financial services provider’s stock valued at $105,000 after buying an additional 306 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in U.S. Bancorp during the second quarter worth about $106,000. First Personal Financial Services boosted its position in U.S. Bancorp by 40.7% in the second quarter. First Personal Financial Services now owns 2,784 shares of the financial services provider’s stock worth $112,000 after buying an additional 806 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in U.S. Bancorp during the second quarter worth about $116,000. Finally, Hudock Capital Group LLC boosted its position in U.S. Bancorp by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,734 shares of the financial services provider’s stock worth $150,000 after buying an additional 19 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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