Weiss Ratings Reaffirms "Buy (B-)" Rating for U.S. Bancorp (NYSE:USB)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for U.S. Bancorp's stock, indicating confidence in its performance.
• U.S. Bancorp recently reported $1.11 earnings per share, exceeding analysts' expectations of $1.07, with a quarterly revenue increase of 2.0% year-over-year.
• The stock has a market cap of $73.10 billion and has seen significant interest from institutional investors, with 77.60% of its shares owned by them.

U.S. Bancorp (NYSE:USB - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on USB. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. DA Davidson increased their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Evercore ISI increased their price target on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. UBS Group raised their target price on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Oppenheimer lowered their target price on shares of U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.11.

U.S. Bancorp Stock Performance

USB traded down $0.52 during trading on Wednesday, hitting $46.98. 3,327,152 shares of the company traded hands, compared to its average volume of 10,390,179. The firm has a market cap of $73.10 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The stock's fifty day moving average is $47.67 and its 200 day moving average is $44.64. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Institutional Trading of U.S. Bancorp

Several large investors have recently added to or reduced their stakes in USB. Crestwood Advisors Group LLC raised its position in shares of U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock worth $286,000 after purchasing an additional 649 shares during the last quarter. Ally Financial Inc. raised its position in shares of U.S. Bancorp by 12.3% in the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock worth $3,842,000 after purchasing an additional 10,000 shares during the last quarter. United Community Bank raised its position in shares of U.S. Bancorp by 21.8% in the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock worth $2,072,000 after purchasing an additional 8,796 shares during the last quarter. Jump Financial LLC raised its position in shares of U.S. Bancorp by 1,952.5% in the 1st quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock worth $35,478,000 after purchasing an additional 799,368 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of U.S. Bancorp by 9.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider's stock worth $27,585,000 after purchasing an additional 55,054 shares during the last quarter. 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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