U.S. Bancorp (NYSE:USB) Raised to “Hold” at Wall Street Zen

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

A number of other equities analysts have also recently commented on USB. Evercore ISI lifted their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a report on Wednesday, June 4th. Royal Bank Of Canada cut their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Oppenheimer lifted their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.36.

U.S. Bancorp Trading Up 1.1%

Shares of USB stock opened at $45.72 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market cap of $71.23 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. The company has a 50-day moving average of $44.82 and a two-hundred day moving average of $44.27. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

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

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On U.S. Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in U.S. Bancorp during the first quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp during the first quarter valued at approximately $27,000. YANKCOM Partnership grew its holdings in U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in U.S. Bancorp during the first quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds 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.