U.S. Bancorp (USB) Receives $54.06 Consensus Target Price from Brokerages
Shares of U.S. Bancorp (NYSE:USB) have been given a consensus recommendation of “Hold” by the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $54.06.
A number of equities analysts have issued reports on USB shares. Nomura raised their target price on U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Citigroup Inc. reiterated a “neutral” rating and set a $58.00 target price (up from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Finally, Robert W. Baird reiterated a “hold” rating and set a $48.00 target price on shares of U.S. Bancorp in a research note on Tuesday, September 5th.
Shares of U.S. Bancorp (USB) traded up 0.6017% during mid-day trading on Thursday, hitting $54.5865. The company had a trading volume of 3,277,917 shares. The firm has a market capitalization of $91.31 billion, a PE ratio of 16.4914 and a beta of 0.87. The firm has a 50-day moving average price of $53.50 and a 200-day moving average price of $52.28. U.S. Bancorp has a 52 week low of $43.83 and a 52 week high of $56.61.
U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. U.S. Bancorp’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Equities analysts forecast that U.S. Bancorp will post $3.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.21%. U.S. Bancorp’s payout ratio is currently 35.61%.
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Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of U.S. Bancorp by 1.7% in the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock worth $5,481,092,000 after acquiring an additional 1,727,498 shares during the period. State Street Corp boosted its holdings in shares of U.S. Bancorp by 1.2% during the 1st quarter. State Street Corp now owns 75,509,050 shares of the financial services provider’s stock valued at $3,888,995,000 after purchasing an additional 903,504 shares during the last quarter. New England Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 52.5% during the 1st quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after purchasing an additional 9,150,126 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of U.S. Bancorp by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock valued at $831,753,000 after purchasing an additional 110,571 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of U.S. Bancorp by 1.9% during the 2nd quarter. US Bancorp DE now owns 14,157,826 shares of the financial services provider’s stock valued at $735,074,000 after purchasing an additional 259,093 shares during the last quarter. 74.20% of the stock is owned by institutional investors.
About U.S. Bancorp
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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