Today: U.S. Bancorp (USB) Upgrade at Jefferies Group

Today: U.S. Bancorp (USB) Upgrade at Jefferies Group

U.S. Bancorp (NYSE:USB) was upgraded by investment analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other research analysts have also issued reports on USB. Portales Partners upgraded shares of U.S. Bancorp from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 25th. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Friday, September 16th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a research note on Saturday, September 17th. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $46.00 target price (down from $47.00) on shares of U.S. Bancorp in a research note on Monday, September 19th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $45.47.

U.S. Bancorp (NYSE:USB) traded down 0.79% during midday trading on Monday, reaching $49.03. 1,826,066 shares of the company traded hands. U.S. Bancorp has a 12 month low of $37.07 and a 12 month high of $49.57. The firm’s 50 day moving average price is $45.49 and its 200 day moving average price is $43.03. The firm has a market capitalization of $85.18 billion, a price-to-earnings ratio of 15.52 and a beta of 0.80.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.84. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the business posted $0.81 EPS. U.S. Bancorp’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that U.S. Bancorp will post $3.24 earnings per share for the current year.

In other news, Director Arthur D. Collins, Jr. sold 35,845 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $44.01, for a total transaction of $1,577,538.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Cecere sold 416,219 shares of U.S. Bancorp stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $44.85, for a total transaction of $18,667,422.15. Following the sale, the insider now owns 633,704 shares of the company’s stock, valued at approximately $28,421,624.40. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Several large investors have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of U.S. Bancorp by 0.4% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,955 shares of the financial services provider’s stock worth $127,000 after buying an additional 11 shares in the last quarter. WFG Advisors LP boosted its position in shares of U.S. Bancorp by 0.3% in the second quarter. WFG Advisors LP now owns 4,886 shares of the financial services provider’s stock worth $197,000 after buying an additional 13 shares in the last quarter. Hudock Capital Group LLC boosted its position in shares of U.S. Bancorp by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,752 shares of the financial services provider’s stock worth $160,000 after buying an additional 18 shares in the last quarter. Montecito Bank & Trust boosted its position in shares of U.S. Bancorp by 0.3% in the second quarter. Montecito Bank & Trust now owns 7,837 shares of the financial services provider’s stock worth $316,000 after buying an additional 25 shares in the last quarter. Finally, Accredited Investors Inc. boosted its position in shares of U.S. Bancorp by 0.3% in the third quarter. Accredited Investors Inc. now owns 10,925 shares of the financial services provider’s stock worth $469,000 after buying an additional 30 shares in the last quarter. Institutional investors own 72.38% of the company’s stock.

U.S. Bancorp Company Profile

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