U.S. Bancorp (NYSE:USB) – Investment analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for shares of U.S. Bancorp in a research report issued on Wednesday, April 17th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will earn $1.11 per share for the quarter, down from their prior estimate of $1.12. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for U.S. Bancorp’s Q4 2019 earnings at $1.11 EPS.
A number of other equities analysts also recently commented on USB. Zacks Investment Research restated a “hold” rating on shares of U.S. Bancorp in a research note on Monday, December 31st. Barclays increased their price objective on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Monday, January 28th. Finally, Oppenheimer increased their price objective on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $58.18.
U.S. Bancorp stock opened at $51.21 on Friday. U.S. Bancorp has a one year low of $43.14 and a one year high of $55.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $81.95 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the business posted $0.96 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.48 annualized dividend and a yield of 2.89%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.10%.
In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the sale, the insider now directly owns 61,737 shares in the company, valued at approximately $3,179,455.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the completion of the sale, the insider now owns 49,495 shares of the company’s stock, valued at $2,504,941.95. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
A number of large investors have recently modified their holdings of USB. HC Financial Advisors Inc. lifted its position in U.S. Bancorp by 5.2% during the third quarter. HC Financial Advisors Inc. now owns 42,967 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,143 shares during the last quarter. Bank of New York Mellon Corp lifted its position in U.S. Bancorp by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 15,961,974 shares of the financial services provider’s stock worth $842,951,000 after acquiring an additional 94,114 shares during the last quarter. Verition Fund Management LLC lifted its position in U.S. Bancorp by 94.6% during the third quarter. Verition Fund Management LLC now owns 17,674 shares of the financial services provider’s stock worth $933,000 after acquiring an additional 8,594 shares during the last quarter. Advisors Asset Management Inc. lifted its position in U.S. Bancorp by 19.5% during the third quarter. Advisors Asset Management Inc. now owns 91,044 shares of the financial services provider’s stock worth $4,808,000 after acquiring an additional 14,858 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in U.S. Bancorp during the third quarter worth approximately $335,000. Institutional investors and hedge funds own 75.82% of the company’s stock.
U.S. Bancorp Company Profile
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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