Shares of U.S. Bancorp (NYSE:USB – Get Rating) have earned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $63.77.
USB has been the subject of a number of analyst reports. Oppenheimer decreased their price objective on U.S. Bancorp from $74.00 to $69.00 in a research note on Friday, January 21st. Jefferies Financial Group cut U.S. Bancorp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $66.00 to $64.00 in a research note on Monday, February 14th. JPMorgan Chase & Co. decreased their price objective on U.S. Bancorp from $73.00 to $72.00 in a research note on Thursday, February 3rd. Keefe, Bruyette & Woods cut U.S. Bancorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $73.00 to $64.00 in a research note on Wednesday, January 19th. Finally, Morgan Stanley decreased their price target on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, March 28th.
USB opened at $52.71 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $78.28 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.86 and a beta of 0.99. U.S. Bancorp has a 12-month low of $49.78 and a 12-month high of $63.57. The business’s fifty day simple moving average is $55.37 and its 200-day simple moving average is $57.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, March 30th. U.S. Bancorp’s payout ratio is 39.66%.
Several large investors have recently made changes to their positions in USB. Norges Bank acquired a new stake in U.S. Bancorp during the fourth quarter worth about $768,650,000. BlackRock Inc. grew its holdings in U.S. Bancorp by 2.9% during the third quarter. BlackRock Inc. now owns 93,827,638 shares of the financial services provider’s stock worth $5,577,113,000 after acquiring an additional 2,630,503 shares during the period. Franklin Resources Inc. grew its holdings in U.S. Bancorp by 28.0% during the third quarter. Franklin Resources Inc. now owns 9,524,765 shares of the financial services provider’s stock worth $566,132,000 after acquiring an additional 2,085,673 shares during the period. State Street Corp grew its holdings in U.S. Bancorp by 3.0% during the fourth quarter. State Street Corp now owns 63,110,227 shares of the financial services provider’s stock worth $3,573,671,000 after acquiring an additional 1,841,651 shares during the period. Finally, American Century Companies Inc. grew its holdings in U.S. Bancorp by 44.9% during the third quarter. American Century Companies Inc. now owns 4,868,824 shares of the financial services provider’s stock worth $289,403,000 after acquiring an additional 1,508,917 shares during the period. Hedge funds and other institutional investors own 73.89% of the company’s stock.
U.S. Bancorp Company Profile (Get Rating)
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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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