Keefe, Bruyette & Woods Reaffirms “Hold” Rating for U.S. Bancorp (USB)

U.S. Bancorp (NYSE:USB)‘s stock had its “hold” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They currently have a $56.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 11.38% from the stock’s current price.

A number of other analysts also recently issued reports on USB. Edward Jones reiterated a “hold” rating on shares of U.S. Bancorp in a report on Tuesday. ValuEngine downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Vining Sparks reiterated a “hold” rating and issued a $61.00 price objective on shares of U.S. Bancorp in a report on Thursday, January 25th. Sandler O’Neill reiterated a “hold” rating and issued a $56.00 price objective on shares of U.S. Bancorp in a report on Tuesday, March 27th. Finally, Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $58.38.

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NYSE USB opened at $50.28 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 12-month low of $49.03 and a 12-month high of $58.50. The company has a market capitalization of $83,718.39, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.67 and a beta of 0.94.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. analysts predict that U.S. Bancorp will post 4.05 EPS for the current fiscal year.

In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total value of $5,510,235.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David B. Omaley sold 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $55.60, for a total transaction of $556,000.00. Following the completion of the transaction, the director now owns 231,682 shares in the company, valued at $12,881,519.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,016 shares of company stock worth $9,356,775. Corporate insiders own 0.43% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of U.S. Bancorp by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 16,086,890 shares of the financial services provider’s stock valued at $860,040,000 after purchasing an additional 287,089 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of U.S. Bancorp by 4.5% in the third quarter. Janus Henderson Group PLC now owns 13,226,329 shares of the financial services provider’s stock valued at $708,794,000 after purchasing an additional 572,794 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of U.S. Bancorp by 2.4% in the third quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock valued at $637,825,000 after purchasing an additional 276,373 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of U.S. Bancorp by 3.5% in the fourth quarter. American Century Companies Inc. now owns 9,521,784 shares of the financial services provider’s stock valued at $510,177,000 after purchasing an additional 318,117 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of U.S. Bancorp by 2.1% in the third quarter. Legal & General Group Plc now owns 8,178,246 shares of the financial services provider’s stock valued at $438,295,000 after purchasing an additional 167,229 shares during the last quarter. Hedge funds and other institutional investors own 74.22% of the company’s stock.

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About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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