Odeon Capital Group assumed coverage on shares of U.S. Bancorp (NYSE:USB) in a research report released on Thursday morning, TipRanks reports. The firm issued a hold rating on the financial services provider’s stock.
A number of other equities analysts have also recently issued reports on USB. Credit Suisse Group restated a hold rating and issued a $55.00 price objective on shares of U.S. Bancorp in a research note on Thursday, September 12th. Bank of America lowered shares of U.S. Bancorp from a neutral rating to an underperform rating and decreased their target price for the company from $55.00 to $53.00 in a research report on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on shares of U.S. Bancorp from $55.50 to $58.00 and gave the company a neutral rating in a research report on Monday, November 4th. UBS Group upped their target price on shares of U.S. Bancorp from $56.00 to $58.00 and gave the company a neutral rating in a research note on Monday, October 21st. Finally, Piper Jaffray Companies set a $59.00 price target on shares of U.S. Bancorp and gave the stock a buy rating in a research report on Friday, September 13th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. U.S. Bancorp currently has an average rating of Hold and an average target price of $56.64.
USB opened at $60.14 on Thursday. The stock’s 50 day simple moving average is $58.36 and its 200-day simple moving average is $54.62. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $93.93 billion, a PE ratio of 14.67, a P/E/G ratio of 2.30 and a beta of 1.11. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $60.58.
In other news, insider Gillern Jeffry H. Von sold 5,357 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $56.67, for a total value of $303,581.19. Following the sale, the insider now owns 89,301 shares in the company, valued at approximately $5,060,687.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Omaley sold 10,133 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $55.76, for a total transaction of $565,016.08. Following the completion of the sale, the director now directly owns 191,754 shares in the company, valued at approximately $10,692,203.04. The disclosure for this sale can be found here. Insiders have sold 239,294 shares of company stock valued at $14,048,412 over the last quarter. Corporate insiders own 0.24% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Lenox Wealth Advisors LLC acquired a new position in shares of U.S. Bancorp in the 3rd quarter worth approximately $33,000. Bridger Capital Management LLC acquired a new stake in U.S. Bancorp during the 3rd quarter valued at $33,000. Hillsdale Investment Management Inc. acquired a new stake in U.S. Bancorp during the 2nd quarter valued at $37,000. Prime Capital Investment Advisors LLC raised its position in U.S. Bancorp by 174.0% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 707 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 449 shares during the last quarter. Finally, Old North State Trust LLC raised its position in U.S. Bancorp by 99.1% in the 3rd quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 332 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
See Also: Return on Investment (ROI)
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