U.S. Bancorp (NYSE:USB) Given Consensus Recommendation of “Hold” by Brokerages

U.S. Bancorp (NYSE:USBGet Rating) has been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $63.31.

USB has been the topic of a number of research analyst reports. Citigroup cut U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 price target on the stock. in a report on Monday, April 11th. Keefe, Bruyette & Woods lowered shares of U.S. Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $73.00 to $64.00 in a research note on Wednesday, January 19th. Jefferies Financial Group downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and decreased their price target for the company from $66.00 to $64.00 in a research note on Monday, February 14th. Oppenheimer increased their price objective on shares of U.S. Bancorp from $67.00 to $72.00 in a research report on Tuesday, May 3rd. Finally, Barclays decreased their target price on U.S. Bancorp from $68.00 to $66.00 in a research report on Thursday, January 20th.

Shares of U.S. Bancorp stock traded down $0.81 during trading on Tuesday, hitting $48.63. The company’s stock had a trading volume of 346,397 shares, compared to its average volume of 8,049,362. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74. The stock has a market cap of $72.25 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. The stock has a 50-day moving average price of $53.11 and a two-hundred day moving average price of $56.67. U.S. Bancorp has a 52 week low of $47.85 and a 52 week high of $63.57.

U.S. Bancorp (NYSE:USBGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period in the previous year, the business earned $1.45 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post 4.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Wednesday, March 30th. U.S. Bancorp’s dividend payout ratio is 39.66%.

Hedge funds have recently made changes to their positions in the business. Delos Wealth Advisors LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $29,000. Advocacy Wealth Management Services LLC raised its position in shares of U.S. Bancorp by 72.3% in the first quarter. Advocacy Wealth Management Services LLC now owns 572 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $33,000. Westside Investment Management Inc. raised its position in shares of U.S. Bancorp by 45.6% in the first quarter. Westside Investment Management Inc. now owns 648 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 203 shares during the period. Finally, Atticus Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $36,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Bancorp (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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Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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