U.S. Bancorp (NYSE:USB) Research Coverage Started at Odeon Capital Group

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.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The firm had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the business earned $1.06 earnings per share. U.S. Bancorp’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.34 earnings per share for the current fiscal year.

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)

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

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