U.S. Bancorp (NYSE:USB) has earned a consensus recommendation of “Hold” from the twenty analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $58.23.
A number of brokerages have weighed in on USB. Zacks Investment Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, January 28th. Deutsche Bank cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd.
USB stock traded up $0.29 during midday trading on Wednesday, reaching $51.60. 7,596,733 shares of the company’s stock traded hands, compared to its average volume of 7,199,186. The stock has a market cap of $82.92 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $56.10.
In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the transaction, the insider now directly owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of USB. WESPAC Advisors SoCal LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $27,000. Executive Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $27,000. Gantzert Investment Co. LLC ADV bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $32,000. ERTS Wealth Advisors LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $36,000. Finally, Centerpoint Advisors LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $45,000. 74.84% of the stock is currently owned by institutional investors and hedge funds.
U.S. Bancorp Company Profile
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.
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