U.S. Bancorp (NYSE:USB) Coverage Initiated by Analysts at Stephens

Stock analysts at Stephens initiated coverage on shares of U.S. Bancorp (NYSE:USB) in a report released on Monday. The firm set an “equal weight” rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on USB. Royal Bank Of Canada raised their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Morgan Stanley set a $64.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. Truist Financial dropped their price target on shares of U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Finally, Wall Street Zen lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.59 during mid-day trading on Monday, reaching $58.36. 2,666,578 shares of the company were exchanged, compared to its average volume of 10,090,726. The company’s 50-day simple moving average is $55.25 and its 200-day simple moving average is $54.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $90.52 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.07 and a beta of 0.97. U.S. Bancorp has a twelve month low of $42.55 and a twelve month high of $61.19.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that U.S. Bancorp will post 5.07 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider owned 207,251 shares in the company, valued at $11,813,307. This represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USB. Norges Bank bought a new position in U.S. Bancorp during the fourth quarter valued at $1,887,497,000. Auto Owners Insurance Co increased its position in U.S. Bancorp by 5,236.0% during the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock valued at $1,779,556,000 after acquiring an additional 32,725,000 shares during the last quarter. Capital Research Global Investors bought a new position in U.S. Bancorp during the fourth quarter valued at $296,377,000. SG Americas Securities LLC lifted its stake in U.S. Bancorp by 3,451.9% in the fourth quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock worth $231,191,000 after acquiring an additional 4,210,676 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in U.S. Bancorp by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,919,079 shares of the financial services provider’s stock worth $1,329,683,000 after acquiring an additional 4,153,080 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.