U.S. Bancorp (NYSE:USB) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Monday. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Friday, September 16th. Drexel Hamilton reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, July 18th. FBR & Co reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, July 18th. Nomura reiterated a “buy” rating and issued a $44.00 price target (up previously from $39.00) on shares of U.S. Bancorp in a research note on Monday, July 18th. Finally, Jefferies Group reiterated a “hold” rating and issued a $44.00 price target on shares of U.S. Bancorp in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.47.

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

U.S. Bancorp (NYSE:USB) opened at 47.90 on Monday. The stock has a market capitalization of $81.67 billion, a P/E ratio of 14.83 and a beta of 0.80. U.S. Bancorp has a 52 week low of $37.07 and a 52 week high of $48.50. The firm has a 50 day moving average price of $43.92 and a 200 day moving average price of $42.62.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. U.S. Bancorp had a return on equity of 13.92% and a net margin of 26.24%. The company earned $5.39 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that U.S. Bancorp will post $3.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.34%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 28th. U.S. Bancorp’s dividend payout ratio is presently 34.68%.

In other news, insider Andrew Cecere sold 416,219 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $44.85, for a total transaction of $18,667,422.15. Following the sale, the insider now directly owns 633,704 shares in the company, valued at approximately $28,421,624.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennie P. Carlson sold 229,009 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $44.95, for a total value of $10,293,954.55. Following the sale, the executive vice president now owns 265,380 shares in the company, valued at $11,928,831. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Several hedge funds have recently made changes to their positions in USB. Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 1.3% in the second quarter. Vanguard Group Inc. now owns 96,577,846 shares of the financial services provider’s stock worth $3,894,984,000 after buying an additional 1,236,893 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of U.S. Bancorp by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 42,512,655 shares of the financial services provider’s stock worth $1,823,368,000 after buying an additional 230,566 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of U.S. Bancorp by 19.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 34,933,283 shares of the financial services provider’s stock worth $1,408,860,000 after buying an additional 5,736,183 shares during the period. BlackRock Fund Advisors raised its position in shares of U.S. Bancorp by 3.2% in the third quarter. BlackRock Fund Advisors now owns 21,411,450 shares of the financial services provider’s stock worth $918,337,000 after buying an additional 666,679 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of U.S. Bancorp by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 15,764,899 shares of the financial services provider’s stock worth $676,158,000 after buying an additional 63,302 shares during the period. Institutional investors and hedge funds own 72.93% of the company’s stock.

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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