U.S. Bancorp (NYSE:USB) Upgraded to “Hold” at Wall Street Zen

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

A number of other research analysts also recently weighed in on the company. Truist Financial increased their target price on U.S. Bancorp from $62.00 to $66.00 and gave the company a “buy” rating in a report on Friday, June 26th. DA Davidson restated a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a research report on Friday, April 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $60.00 price target on shares of U.S. Bancorp in a research report on Thursday, April 16th. Stephens began coverage on shares of U.S. Bancorp in a research report on Monday, June 15th. They set an “equal weight” rating and a $63.00 price objective for the company. Finally, Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Fifteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.92.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $63.17 on Monday. The company has a market cap of $97.99 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The company has a 50-day moving average price of $56.57 and a 200-day moving average price of $55.51. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $43.46 and a 12 month high of $63.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is currently 43.61%.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Dogwood Wealth Management LLC lifted its holdings in U.S. Bancorp by 32.9% during the second quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock worth $41,000 after buying an additional 170 shares during the period. Paulson Wealth Management Inc. grew its holdings in shares of U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock valued at $469,000 after buying an additional 173 shares during the last quarter. Gilbert & Cook Inc. increased its position in shares of U.S. Bancorp by 1.2% in the 4th quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 184 shares during the period. Flputnam Investment Management Co. increased its position in shares of U.S. Bancorp by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 186 shares during the period. Finally, Formidable Asset Management LLC raised its stake in U.S. Bancorp by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Key Headlines Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Jefferies upgraded U.S. Bancorp (USB) to Buy and raised its price target to $75, reflecting confidence in improving earnings leverage and fee-based growth. Article Title
• Positive Sentiment: Wells Fargo increased its price target on USB to $66 and reiterated an Overweight rating, signaling continued optimism on the stock. Article Title
• Positive Sentiment: U.S. Bank subsidiary Elavon announced a partnership with Wix to launch unified commerce solutions for small businesses, which could support payments growth and expand business activity for USB. Article Title
• Neutral Sentiment: JPMorgan raised its target on USB to $65 but kept an Underweight rating, reflecting mixed sentiment rather than a clear bullish turn. Article Title
• Neutral Sentiment: Seeking Alpha published a bullish earnings outlook piece on U.S. Bancorp, suggesting investors are focusing on potential Q2 strength, though it does not appear to be a fresh company announcement. Article Title
• Negative Sentiment: No major negative company-specific developments were reported in the latest articles, but JPMorgan’s Underweight stance shows not all analysts are fully bullish on USB.

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.