U.S. Bancorp (NYSE:USB – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
Several other analysts also recently weighed in on USB. Stephens downgraded U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 20th. Royal Bank of Canada upped their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Barclays upped their price target on shares of U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Odeon Capital Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price target on the stock in a report on Thursday, December 14th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.35.
U.S. Bancorp Stock Performance
USB opened at $41.49 on Tuesday. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $48.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The company has a market cap of $64.60 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. The firm’s 50-day moving average price is $42.33 and its 200-day moving average price is $37.85.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current fiscal year.
Insider Transactions at U.S. Bancorp
In other news, insider Shailesh M. Kotwal sold 2,046 shares of U.S. Bancorp stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $40.34, for a total transaction of $82,535.64. Following the sale, the insider now owns 112,722 shares of the company’s stock, valued at approximately $4,547,205.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the transaction, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shailesh M. Kotwal sold 2,046 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.34, for a total transaction of $82,535.64. Following the sale, the insider now directly owns 112,722 shares in the company, valued at approximately $4,547,205.48. The disclosure for this sale can be found here. Insiders sold 66,439 shares of company stock worth $2,865,224 in the last 90 days. Insiders own 0.24% of the company’s stock.
Institutional Trading of U.S. Bancorp
Several hedge funds have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC raised its position in U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares in the last quarter. Mufg Bank LTD. raised its position in U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. Norges Bank acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $827,370,000. Aristotle Capital Management LLC raised its position in U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after purchasing an additional 17,066,479 shares in the last quarter. Finally, Viking Global Investors LP acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $414,174,000. Institutional investors and hedge funds own 75.40% of the company’s stock.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.