U.S. Bancorp (NYSE:USB) Raised to Hold at StockNews.com

StockNews.com upgraded shares of U.S. Bancorp (NYSE:USB) from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other equities research analysts have also recently issued reports on the company. Evercore ISI upped their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the stock an in-line rating in a research note on Thursday, March 28th. DA Davidson lowered their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a neutral rating on the stock in a research note on Thursday, April 18th. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Compass Point raised U.S. Bancorp from a neutral rating to a buy rating and boosted their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, Barclays dropped their price objective on U.S. Bancorp from $56.00 to $52.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $46.02.

U.S. Bancorp Price Performance

NYSE USB opened at $38.83 on Friday. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The firm’s 50 day moving average is $40.73 and its 200-day moving average is $41.72. The company has a market capitalization of $60.59 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.74 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. Equities research analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U.S. Bancorp

Several institutional investors have recently made changes to their positions in the stock. Scotia Capital Inc. lifted its position in shares of U.S. Bancorp by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 990 shares during the period. Focus Financial Network Inc. ADV bought a new position in U.S. Bancorp in the 4th quarter valued at about $5,440,000. Spinnaker Trust acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $220,000. Morningstar Investment Management LLC lifted its holdings in shares of U.S. Bancorp by 760.8% during the 4th quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock worth $3,628,000 after acquiring an additional 74,094 shares during the period. Finally, Tealwood Asset Management Inc. boosted its position in shares of U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after acquiring an additional 15,665 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.