U.S. Bancorp (NYSE:USB) has earned an average rating of “Hold” from the twenty analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $58.32.
USB has been the subject of several research reports. Deutsche Bank upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $63.00 in a research report on Thursday, January 25th. Jefferies Group restated a “buy” rating and set a $63.00 price target on shares of U.S. Bancorp in a research report on Monday, January 8th. Piper Jaffray Companies upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target for the company in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Friday, February 2nd. Finally, Vining Sparks restated a “buy” rating and set a $64.00 price target on shares of U.S. Bancorp in a research report on Monday, January 8th.
U.S. Bancorp (NYSE USB) traded down $0.51 on Wednesday, reaching $53.66. 5,881,473 shares of the company traded hands, compared to its average volume of 7,190,000. The company has a market capitalization of $89,050.00, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.78 and a beta of 0.89. 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 one year low of $49.53 and a one year high of $58.50.
In other news, Vice Chairman P.W. Parker sold 98,485 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total value of $5,510,235.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.02, for a total transaction of $750,527.82. Following the completion of the sale, the insider now directly owns 126,387 shares in the company, valued at $6,953,812.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,016 shares of company stock worth $9,356,775. Insiders own 0.39% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Hanson McClain Inc. lifted its holdings in shares of U.S. Bancorp by 127.6% in the fourth quarter. Hanson McClain Inc. now owns 3,423 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,919 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of U.S. Bancorp by 7.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 260,141 shares of the financial services provider’s stock worth $13,938,000 after buying an additional 17,813 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of U.S. Bancorp by 4.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 962,481 shares of the financial services provider’s stock worth $51,570,000 after buying an additional 39,376 shares in the last quarter. HM Payson & Co. purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $270,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in U.S. Bancorp by 49.6% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 95,548 shares of the financial services provider’s stock valued at $5,119,000 after purchasing an additional 31,700 shares in the last quarter. 73.52% of the stock is currently owned by hedge funds and other institutional investors.
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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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