Jefferies Group upgraded shares of U.S. Bancorp (NYSE:USB) from a hold rating to a buy rating in a report published on Monday.

A number of other brokerages have also recently issued reports on USB. Morgan Stanley cut shares of U.S. Bancorp from an equal weight rating to an underweight rating and set a $49.00 price objective on the stock. in a research note on Monday, November 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of U.S. Bancorp from a hold rating to a sell rating in a research note on Monday, September 19th. Portales Partners raised shares of U.S. Bancorp from a sector perform rating to an outperform rating in a research note on Thursday, August 25th. RBC Capital Markets reaffirmed an outperform rating and set a $48.00 target price (up previously from $47.00) on shares of U.S. Bancorp in a research note on Saturday, October 22nd. Finally, Piper Jaffray Cos. reaffirmed an overweight rating and set a $46.00 target price (down previously from $47.00) on shares of U.S. Bancorp in a research note on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. U.S. Bancorp currently has an average rating of Hold and a consensus target price of $45.47.

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

U.S. Bancorp (NYSE:USB) opened at 48.90 on Monday. U.S. Bancorp has a 1-year low of $37.07 and a 1-year high of $49.57. The firm has a market cap of $84.95 billion, a P/E ratio of 15.47 and a beta of 0.80. The stock has a 50 day moving average price of $45.64 and a 200-day moving average price of $43.10.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.35 billion. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Equities research analysts forecast that U.S. Bancorp will post $3.24 EPS for the current year.

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In other news, Vice Chairman Terrance R. Dolan sold 55,205 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $47.67, for a total value of $2,631,622.35. Following the transaction, the insider now owns 90,188 shares of the company’s stock, valued at approximately $4,299,261.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennie P. Carlson sold 45,365 shares of the stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $44.06, for a total transaction of $1,998,781.90. Following the completion of the transaction, the executive vice president now directly owns 81,736 shares in the company, valued at approximately $3,601,288.16. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of USB. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in U.S. Bancorp by 0.4% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,955 shares of the financial services provider’s stock valued at $127,000 after buying an additional 11 shares in the last quarter. WFG Advisors LP raised its position in U.S. Bancorp by 0.3% in the second quarter. WFG Advisors LP now owns 4,886 shares of the financial services provider’s stock valued at $197,000 after buying an additional 13 shares in the last quarter. Hudock Capital Group LLC raised its position in U.S. Bancorp by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,752 shares of the financial services provider’s stock valued at $160,000 after buying an additional 18 shares in the last quarter. Montecito Bank & Trust raised its position in U.S. Bancorp by 0.3% in the second quarter. Montecito Bank & Trust now owns 7,837 shares of the financial services provider’s stock valued at $316,000 after buying an additional 25 shares in the last quarter. Finally, Accredited Investors Inc. raised its position in U.S. Bancorp by 0.3% in the third quarter. Accredited Investors Inc. now owns 10,925 shares of the financial services provider’s stock valued at $469,000 after buying an additional 30 shares in the last quarter. 72.38% of the stock is currently 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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