U.S. Bancorp (NYSE:USB) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

U.S. Bancorp (NYSE:USB) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a $52.50 price objective on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 10.99% from the company’s previous close.

USB has been the subject of a number of other reports. Raymond James Financial upgraded shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. UBS Group raised their target price on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Evercore ISI increased their price target on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. TD Cowen increased their price target on U.S. Bancorp from $59.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Finally, DA Davidson upped their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.55.

U.S. Bancorp Price Performance

USB stock opened at $47.30 on Thursday. The firm has a 50 day moving average price of $48.03 and a 200-day moving average price of $44.97. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a market capitalization of $73.61 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.27 and a beta of 1.06. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. U.S. Bancorp’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. Equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Activity

In other U.S. Bancorp news, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the completion of the transaction, the chairman owned 1,360,414 shares in the company, valued at $63,041,584.76. This trade represents a 9.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James L. Chosy sold 26,909 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the transaction, the executive vice president owned 226,375 shares of the company’s stock, valued at $10,607,932.50. This represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Institutional Trading of U.S. Bancorp

A number of large investors have recently made changes to their positions in USB. Cerity Partners LLC increased its position in shares of U.S. Bancorp by 37.7% during the third quarter. Cerity Partners LLC now owns 1,019,410 shares of the financial services provider’s stock worth $49,268,000 after acquiring an additional 278,980 shares during the period. CoreCap Advisors LLC grew its stake in U.S. Bancorp by 37.8% in the third quarter. CoreCap Advisors LLC now owns 1,656 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 454 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of U.S. Bancorp by 32.6% in the 3rd quarter. Kathmere Capital Management LLC now owns 15,538 shares of the financial services provider’s stock worth $751,000 after buying an additional 3,818 shares during the period. Greenleaf Trust lifted its holdings in shares of U.S. Bancorp by 0.9% in the 3rd quarter. Greenleaf Trust now owns 35,030 shares of the financial services provider’s stock worth $1,693,000 after buying an additional 306 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth $271,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

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.