Equities researchers at Wedbush began coverage on shares of U.S. Bancorp (NYSE:USB) in a report released on Thursday. The firm set a “neutral” rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Nomura reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Wells Fargo & Co. reissued a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Deutsche Bank AG reissued a “hold” rating on shares of U.S. Bancorp in a research report on Sunday, June 26th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research report on Saturday, September 17th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.17.

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

U.S. Bancorp (NYSE:USB) traded up 0.55% during trading on Thursday, reaching $43.89. 12,162,066 shares of the company were exchanged. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $44.58. The stock has a market capitalization of $75.12 billion, a PE ratio of 13.76 and a beta of 0.82. The firm’s 50 day moving average is $43.29 and its 200 day moving average is $42.01.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. U.S. Bancorp had a return on equity of 14.05% and a net margin of 26.56%. The company had revenue of $5.45 billion for the quarter. During the same period in the previous year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that U.S. Bancorp will post $3.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.55%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 28th. U.S. Bancorp’s dividend payout ratio is currently 35.00%.

In related news, EVP Craig E. Gifford sold 2,500 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $41.87, for a total value of $104,675.00. Following the completion of the sale, the executive vice president now directly owns 49,881 shares of the company’s stock, valued at approximately $2,088,517.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $42.00, for a total value of $4,324,362.00. Following the completion of the sale, the insider now directly owns 178,422 shares of the company’s stock, valued at $7,493,724. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

A number of large investors have recently made changes to their positions in USB. Chicago Partners Investment Group LLC increased its stake in shares of U.S. Bancorp by 13.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,606 shares of the financial services provider’s stock valued at $105,000 after buying an additional 306 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of U.S. Bancorp during the second quarter valued at about $106,000. First Personal Financial Services increased its stake in shares of U.S. Bancorp by 40.7% in the second quarter. First Personal Financial Services now owns 2,784 shares of the financial services provider’s stock valued at $112,000 after buying an additional 806 shares in the last quarter. Bellwether Investment Group LLC acquired a new stake in shares of U.S. Bancorp during the second quarter valued at about $116,000. Finally, Hudock Capital Group LLC increased its stake in shares of U.S. Bancorp by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,734 shares of the financial services provider’s stock valued at $150,000 after buying an additional 19 shares in the last quarter. 72.58% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

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