U.S. Bancorp (NYSE:USB) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of U.S. Bancorp (NYSE:USB) from a sell rating to a hold rating in a research report released on Thursday.

Several other brokerages also recently weighed in on USB. Wolfe Research raised shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a report on Thursday, April 3rd. Royal Bank of Canada lowered their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. TD Cowen started coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.89.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $43.09 on Thursday. The company has a 50 day moving average price of $40.96 and a 200-day moving average price of $45.90. 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 $67.14 billion, a PE ratio of 11.37, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is currently 49.50%.

Insider Buying and Selling

In related news, Director Aleem Gillani purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of USB. Ballentine Partners LLC boosted its stake in shares of U.S. Bancorp by 8.3% during the fourth quarter. Ballentine Partners LLC now owns 21,642 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 1,666 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of U.S. Bancorp by 7.0% during the fourth quarter. Simon Quick Advisors LLC now owns 6,057 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 398 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of U.S. Bancorp by 0.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 422,901 shares of the financial services provider’s stock valued at $20,439,000 after acquiring an additional 3,923 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at $33,000. Finally, Albion Financial Group UT boosted its stake in shares of U.S. Bancorp by 92.8% during the fourth quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

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.