U.S. Bancorp (NYSE:USB) Given Consensus Recommendation of “Buy” by Analysts

Shares of U.S. Bancorp (NYSE:USB) have earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $62.77.

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of U.S. Bancorp from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 16th. Odeon Capital Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 19th. Oppenheimer increased their price target on shares of U.S. Bancorp from $70.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, July 16th. Morgan Stanley increased their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 29th. Finally, Jefferies Financial Group started coverage on shares of U.S. Bancorp in a research report on Thursday. They set a “buy” rating and a $66.00 price target for the company.

Shares of USB traded up $1.42 during midday trading on Monday, reaching $61.21. The stock had a trading volume of 248,869 shares, compared to its average volume of 6,604,525. The firm has a market cap of $90.75 billion, a PE ratio of 13.10, a P/E/G ratio of 1.71 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76. The firm has a 50 day simple moving average of $56.65 and a 200-day simple moving average of $57.40. U.S. Bancorp has a one year low of $34.21 and a one year high of $62.47.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.14. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that U.S. Bancorp will post 5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $1.84 annualized dividend and a yield of 3.01%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.42. U.S. Bancorp’s payout ratio is 54.90%.

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of U.S. Bancorp by 1.1% during the 2nd quarter. State Street Corp now owns 61,730,906 shares of the financial services provider’s stock valued at $3,542,491,000 after buying an additional 680,989 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of U.S. Bancorp by 54.6% during the 1st quarter. JPMorgan Chase & Co. now owns 36,167,368 shares of the financial services provider’s stock valued at $2,000,417,000 after buying an additional 12,779,463 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of U.S. Bancorp by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 22,047,146 shares of the financial services provider’s stock valued at $1,252,627,000 after buying an additional 608,791 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of U.S. Bancorp by 10.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,244,534 shares of the financial services provider’s stock valued at $1,039,391,000 after buying an additional 1,736,735 shares in the last quarter. Finally, Davis Selected Advisers raised its position in shares of U.S. Bancorp by 7.7% in the 1st quarter. Davis Selected Advisers now owns 18,170,271 shares of the financial services provider’s stock worth $1,004,998,000 after purchasing an additional 1,296,831 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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

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