Jefferies Group Reiterates Buy Rating for U.S. Bancorp (USB)

Jefferies Group reissued their buy rating on shares of U.S. Bancorp (NYSE:USB) in a research note issued to investors on Monday, January 8th. The brokerage currently has a $63.00 price target on the financial services provider’s stock. Jefferies Group also issued estimates for U.S. Bancorp’s Q4 2017 earnings at $0.87 EPS, FY2018 earnings at $4.07 EPS and FY2019 earnings at $4.30 EPS.

A number of other equities research analysts also recently weighed in on the company. Instinet downgraded U.S. Bancorp from a buy rating to a neutral rating and lowered their price target for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Citigroup reiterated a neutral rating and issued a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. Robert W. Baird reiterated a hold rating and issued a $48.00 price target on shares of U.S. Bancorp in a report on Friday, October 6th. Bank of America downgraded U.S. Bancorp from a neutral rating to an underperform rating and lowered their price target for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded U.S. Bancorp from a sell rating to a hold rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $56.22.

Shares of U.S. Bancorp (NYSE USB) traded up $0.19 on Monday, hitting $57.17. The company’s stock had a trading volume of 8,840,000 shares, compared to its average volume of 5,620,000. U.S. Bancorp has a one year low of $49.53 and a one year high of $57.69. The firm has a market cap of $94,870.00, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. During the same period in the previous year, the business earned $0.84 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. analysts anticipate that U.S. Bancorp will post 3.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.10%. U.S. Bancorp’s payout ratio is currently 35.71%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Twin Tree Management LP grew its stake in shares of U.S. Bancorp by 63.2% in the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 13,295 shares in the last quarter. Oarsman Capital Inc. grew its stake in shares of U.S. Bancorp by 4.5% in the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 488 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of U.S. Bancorp by 16.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after purchasing an additional 52,380 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of U.S. Bancorp by 7.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock worth $10,954,000 after purchasing an additional 14,678 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of U.S. Bancorp by 2.6% in the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock worth $320,434,000 after purchasing an additional 159,319 shares in the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

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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.

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

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