U.S. Bancorp (NYSE:USB) Given Consensus Rating of “Moderate Buy” by Analysts

U.S. Bancorp (NYSE:USB) has been assigned an average rating of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.0625.

A number of brokerages recently issued reports on USB. Evercore upgraded shares of U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 target price on the stock in a research report on Monday, July 20th. Keefe, Bruyette & Woods lifted their price objective on U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. CLSA set a $67.50 target price on U.S. Bancorp in a research note on Monday, July 20th. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $75.00 in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price target on U.S. Bancorp from $67.50 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th.

U.S. Bancorp Trading Down 0.6%

Shares of USB stock opened at $63.81 on Friday. The firm has a 50-day moving average price of $60.55 and a 200 day moving average price of $57.00. U.S. Bancorp has a twelve month low of $43.96 and a twelve month high of $65.02. The company has a market capitalization of $98.97 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.05 and a beta of 0.96. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.07. The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same period last year, the company earned $1.11 EPS. Research analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.

Insider Transactions at U.S. Bancorp

In related news, insider Stephen L. Philipson sold 36,906 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the transaction, the insider owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Trading of U.S. Bancorp

Several institutional investors have recently made changes to their positions in USB. Inceptionr LLC raised its stake in shares of U.S. Bancorp by 424.4% during the fourth quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider’s stock valued at $1,473,000 after purchasing an additional 22,348 shares during the period. Dimensional Fund Advisors LP grew its holdings in U.S. Bancorp by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock valued at $539,232,000 after purchasing an additional 93,025 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in U.S. Bancorp by 17.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 285,196 shares of the financial services provider’s stock worth $15,218,000 after buying an additional 42,095 shares during the period. Keudell Morrison Wealth Management purchased a new stake in U.S. Bancorp during the 4th quarter worth $2,856,000. Finally, Principal Financial Group Inc. lifted its holdings in U.S. Bancorp by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,769,589 shares of the financial services provider’s stock worth $94,425,000 after buying an additional 49,733 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.