U.S. Bancorp (NYSE:USB) Lowered to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp (NYSE:USB) from a buy rating to a hold rating in a report published on Thursday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has $51.00 target price on the financial services provider’s stock.

A number of other analysts also recently weighed in on USB. DA Davidson lifted their price target on U.S. Bancorp from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Citigroup boosted their target price on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Robert W. Baird set a $54.00 price target on shares of U.S. Bancorp in a report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on shares of U.S. Bancorp from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group dropped their target price on shares of U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $50.72.

U.S. Bancorp Stock Down 1.5 %

Shares of U.S. Bancorp stock opened at $47.74 on Thursday. U.S. Bancorp has a one year low of $30.47 and a one year high of $50.47. The company has a market cap of $74.50 billion, a P/E ratio of 15.81, a PEG ratio of 2.85 and a beta of 1.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $45.81 and a two-hundred day moving average of $42.83.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts forecast that U.S. Bancorp will post 3.9 earnings per share for the current year.

U.S. Bancorp declared that its board has approved a share buyback plan on Thursday, September 12th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Monday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s dividend payout ratio is currently 66.23%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the sale, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Redwood Wealth Management Group LLC purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of U.S. Bancorp during the first quarter worth $31,000. Eagle Bay Advisors LLC boosted its stake in shares of U.S. Bancorp by 93.2% in the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 331 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in U.S. Bancorp during the 2nd quarter valued at $30,000. Finally, Y.D. More Investments Ltd purchased a new stake in U.S. Bancorp during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.