U.S. Bancorp (NYSE:USB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

U.S. Bancorp (NYSE:USB) has been assigned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $67.0625.

Several analysts recently commented on the stock. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 6th. Truist Financial upped their target price on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Robert W. Baird increased their price target on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Weiss Ratings reissued a “buy (b)” rating on shares of U.S. Bancorp in a research report on Friday, July 31st. Finally, CLSA set a $67.50 price objective on shares of U.S. Bancorp in a report on Monday, July 20th.

U.S. Bancorp Trading Down 1.3%

U.S. Bancorp stock opened at $61.66 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The business’s fifty day simple moving average is $62.90 and its two-hundred day simple moving average is $57.74. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The company has a market capitalization of $96.07 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.02 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period last year, the company earned $1.11 earnings per share. As a group, equities analysts predict that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

Insider Buying and Selling at U.S. Bancorp

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

Institutional Trading of U.S. Bancorp

A number of large investors have recently made changes to their positions in USB. California State Teachers Retirement System lifted its position in U.S. Bancorp by 5,893.0% during the second quarter. California State Teachers Retirement System now owns 142,640,580 shares of the financial services provider’s stock valued at $8,615,491,000 after purchasing an additional 140,260,472 shares during the period. Mufg Bank LTD. bought a new stake in U.S. Bancorp in the 2nd quarter worth approximately $2,680,199,000. Norges Bank bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $1,887,497,000. Auto Owners Insurance Co raised its stake in U.S. Bancorp by 5,236.0% during the 4th 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 buying an additional 32,725,000 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in U.S. Bancorp during the 2nd quarter valued at $536,457,000. 77.60% of the stock is currently owned by institutional investors.

About U.S. Bancorp

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.