U.S. Bancorp (NYSE:USB) Stock Keeps Buy Rating at TD Cowen

U.S. Bancorp (NYSE:USB)‘s stock had its “buy” rating reiterated by stock analysts at TD Cowen in a note issued to investors on Thursday, Benzinga reports. They presently have a $70.00 price objective on the financial services provider’s stock. TD Cowen’s price target would suggest a potential upside of 24.88% from the stock’s current price.

A number of other analysts have also weighed in on USB. Raymond James Financial dropped their target price on shares of U.S. Bancorp from $74.00 to $72.00 and set a “strong-buy” rating for the company in a report on Tuesday. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Oppenheimer boosted their target price on U.S. Bancorp from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. UBS Group dropped their price target on U.S. Bancorp from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Robert W. Baird boosted their price objective on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $67.48.

U.S. Bancorp Stock Down 0.2%

USB opened at $56.05 on Thursday. The company has a market cap of $87.34 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.05 and a beta of 1.00. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The business’s 50-day moving average price is $61.72 and its 200-day moving average price is $58.78. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter last year, the business earned $1.11 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 5.25 EPS for the current year.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the sale, the insider directly owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the sale, the chief executive officer directly owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Several large investors have recently bought and sold shares of USB. Rockland Trust Co. lifted its stake in U.S. Bancorp by 3.1% during the 3rd quarter. Rockland Trust Co. now owns 17,817 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 538 shares during the period. QRG Capital Management Inc. lifted its position in U.S. Bancorp by 15.2% during the second quarter. QRG Capital Management Inc. now owns 300,453 shares of the financial services provider’s stock valued at $18,147,000 after purchasing an additional 39,591 shares during the period. Security National Bank of Sioux City Iowa IA purchased a new stake in U.S. Bancorp in the second quarter worth approximately $105,000. Keystone Financial Planning Inc. grew its position in U.S. Bancorp by 0.9% in the 2nd quarter. Keystone Financial Planning Inc. now owns 226,360 shares of the financial services provider’s stock worth $13,672,000 after purchasing an additional 2,012 shares during the period. Finally, Tidal Investments LLC raised its stake in U.S. Bancorp by 14.4% during the 2nd quarter. Tidal Investments LLC now owns 111,909 shares of the financial services provider’s stock valued at $6,759,000 after buying an additional 14,065 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

About U.S. Bancorp

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.

Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning.