U.S. Bancorp (NYSE:USB) Stock Rating Upgraded by Wall Street Zen

U.S. Bancorp (NYSE:USB - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Friday.

Several other research analysts also recently commented on USB. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $51.00 to $57.00 in a report on Monday, July 7th. DA Davidson decreased their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock 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 price objective on the stock in a report on Thursday, April 3rd. Truist Financial lifted their target price on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, TD Cowen began coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $52.07.

U.S. Bancorp Stock Up 1.1%

NYSE USB traded up $0.51 during mid-day trading on Friday, hitting $45.72. The company's stock had a trading volume of 15,539,613 shares, compared to its average volume of 9,493,223. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.16. The company's 50 day simple moving average is $44.82 and its 200 day simple moving average is $44.30. The firm has a market capitalization of $71.23 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.74 and a beta of 0.99. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm posted $0.98 EPS. U.S. Bancorp's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of the business's stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Bancorp

A number of hedge funds have recently bought and sold shares of the company. Saudi Central Bank purchased a new position in shares of U.S. Bancorp during the first quarter worth approximately $26,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp in the 1st quarter worth $27,000. REAP Financial Group LLC raised its position in U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after purchasing an additional 297 shares during the period. Millstone Evans Group LLC bought a new stake in U.S. Bancorp in the fourth quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $32,000. Institutional investors own 77.60% of the company's stock.

About U.S. Bancorp

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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