U.S. Bancorp (NYSE:USB) Receives Average Rating of "Moderate Buy" from Analysts

U.S. Bancorp (NYSE:USB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-three analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.67.

A number of equities analysts recently weighed in on USB shares. Raymond James reissued an "outperform" rating and issued a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Piper Sandler lowered their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Evercore ISI lifted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday. Finally, Cowen began coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating on the stock.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $44.76 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business's fifty day moving average price is $41.15 and its two-hundred day moving average price is $45.36. The firm has a market capitalization of $69.74 billion, a PE ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period last year, the company earned $0.78 earnings per share. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Bancorp

A number of large investors have recently bought and sold shares of USB. Norges Bank purchased a new stake in U.S. Bancorp in the fourth quarter worth $777,524,000. Invesco Ltd. increased its position in U.S. Bancorp by 48.1% in the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after buying an additional 5,449,949 shares during the last quarter. Marshall Wace LLP increased its position in U.S. Bancorp by 414.1% in the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after buying an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in U.S. Bancorp in the fourth quarter worth $184,733,000. Finally, Nuveen LLC purchased a new stake in U.S. Bancorp in the first quarter worth $138,183,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

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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