U.S. Bancorp (NYSE:USB) Upgraded at ValuEngine

ValuEngine upgraded shares of U.S. Bancorp (NYSE:USB) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, ValuEngine reports.

A number of other research analysts also recently commented on the stock. Barclays reaffirmed a buy rating and issued a $71.00 target price on shares of U.S. Bancorp in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from a neutral rating to an underweight rating and dropped their target price for the company from $58.00 to $55.50 in a research report on Thursday, January 16th. Wells Fargo & Co downgraded shares of U.S. Bancorp from an equal weight rating to an underweight rating and set a $61.00 target price on the stock. in a research report on Monday, January 6th. Zacks Investment Research raised shares of U.S. Bancorp from a hold rating to a buy rating and set a $63.00 target price on the stock in a research report on Tuesday, December 10th. Finally, UBS Group dropped their target price on shares of U.S. Bancorp from $60.00 to $57.00 and set a neutral rating on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $58.47.

NYSE USB opened at $54.42 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82. The firm’s fifty day moving average price is $58.57 and its 200 day moving average price is $56.12. The company has a market capitalization of $86.45 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. U.S. Bancorp has a 12 month low of $47.57 and a 12 month high of $61.11.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08. The firm had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.78 billion. U.S. Bancorp had a net margin of 25.30% and a return on equity of 15.23%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.07 EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.09%. The ex-dividend date was Monday, December 30th. U.S. Bancorp’s payout ratio is currently 38.71%.

In other U.S. Bancorp news, CEO Andrew Cecere sold 165,564 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $58.81, for a total transaction of $9,736,818.84. Following the transaction, the chief executive officer now directly owns 900,118 shares of the company’s stock, valued at approximately $52,935,939.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Terrance R. Dolan sold 17,200 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $58.59, for a total transaction of $1,007,748.00. Following the transaction, the chief financial officer now directly owns 111,404 shares in the company, valued at $6,527,160.36. The disclosure for this sale can be found here. Insiders have sold a total of 223,804 shares of company stock worth $13,179,815 over the last three months. 0.24% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of USB. Simon Quick Advisors LLC lifted its stake in shares of U.S. Bancorp by 1,060.0% in the 4th quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 424 shares during the period. Lenox Wealth Advisors LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter worth $33,000. Bridger Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter worth $33,000. Allred Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the 4th quarter worth $33,000. Finally, Manchester Financial Inc. acquired a new stake in shares of U.S. Bancorp in the 4th quarter worth $34,000. 75.18% of the stock is currently owned by 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.

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