Shares of U.S. Bancorp (NYSE:USB) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and nine have assigned a 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 $59.03.
Several brokerages recently weighed in on USB. Wedbush reiterated a “neutral” rating on shares of U.S. Bancorp in a research report on Monday, July 23rd. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday. Finally, ValuEngine upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th.
In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the transaction, the insider now directly owns 98,371 shares in the company, valued at $5,086,764.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in USB. SVA Plumb Wealth Management LLC lifted its holdings in U.S. Bancorp by 0.7% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 141,200 shares of the financial services provider’s stock valued at $7,567,000 after purchasing an additional 980 shares during the last quarter. EagleClaw Capital Managment LLC grew its holdings in shares of U.S. Bancorp by 22.2% during the first quarter. EagleClaw Capital Managment LLC now owns 5,500 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,000 shares in the last quarter. Field & Main Bank grew its holdings 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 purchasing an additional 1,000 shares in the last quarter. Auxier Asset Management grew its holdings in shares of U.S. Bancorp by 8.6% during the second quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock worth $633,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Homrich & Berg grew its holdings in shares of U.S. Bancorp by 2.9% during the second quarter. Homrich & Berg now owns 35,620 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 1,018 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.
NYSE USB traded down $0.10 during trading on Friday, hitting $55.25. 158,809 shares of the stock traded hands, compared to its average volume of 4,636,066. The stock has a market capitalization of $89.47 billion, a PE ratio of 16.17, a P/E/G ratio of 1.80 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a 12-month low of $48.49 and a 12-month high of $58.50.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.64 billion. U.S. Bancorp had a return on equity of 14.66% and a net margin of 26.96%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. analysts anticipate that U.S. Bancorp will post 4.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.68%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, September 27th. U.S. Bancorp’s dividend payout ratio is 35.09%.
U.S. Bancorp Company Profile
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.
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