U.S. Bancorp (NYSE:USB) has been given a consensus rating of “Hold” by the twenty-three research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $59.50.
USB has been the topic of a number of research analyst reports. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Friday, October 12th. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. UBS Group set a $56.00 price objective on U.S. Bancorp and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Oppenheimer raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research note on Thursday, October 18th.
USB traded down $0.58 during trading on Friday, hitting $51.76. The company’s stock had a trading volume of 9,553,029 shares, compared to its average volume of 7,076,881. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a twelve month low of $48.49 and a twelve month high of $58.50. The firm has a market cap of $85.01 billion, a P/E ratio of 15.13, a PEG ratio of 1.71 and a beta of 0.90.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.04 by $0.02. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period last year, the company earned $0.88 earnings per share. U.S. Bancorp’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that U.S. Bancorp will post 4.1 EPS for the current year.
In related news, Director David B. Omaley sold 10,902 shares of U.S. Bancorp stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $53.66, for a total value of $585,001.32. Following the completion of the transaction, the director now directly owns 212,789 shares in the company, valued at $11,418,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andrew Cecere sold 183,374 shares of U.S. Bancorp stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $52.95, for a total value of $9,709,653.30. Following the completion of the transaction, the chairman now owns 892,517 shares of the company’s stock, valued at $47,258,775.15. The disclosure for this sale can be found here. Insiders sold a total of 253,073 shares of company stock worth $13,383,882 in the last quarter. Company insiders own 0.43% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vectors Research Management LLC acquired a new position in U.S. Bancorp in the third quarter valued at approximately $101,000. Stelac Advisory Services LLC acquired a new position in U.S. Bancorp in the third quarter valued at approximately $103,000. Integrated Investment Consultants LLC acquired a new position in U.S. Bancorp in the second quarter valued at approximately $135,000. TLP Group LLC boosted its stake in U.S. Bancorp by 77.9% in the third quarter. TLP Group LLC now owns 2,688 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 1,177 shares during the period. Finally, Field & Main Bank boosted its position in shares of U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
Further Reading: Diversification For Individual Investors
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.