CIBC upgraded shares of U.S. Bancorp (NYSE:USB) from a market perform rating to an outperform rating in a research note released on Thursday morning.

A number of other research firms have also recently commented on USB. Zacks Investment Research cut U.S. Bancorp from a buy rating to a hold rating in a research note on Tuesday, September 25th. ValuEngine raised U.S. Bancorp from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Macquarie raised U.S. Bancorp from a neutral rating to an outperform rating and increased their target price for the company from $56.00 to $62.00 in a research note on Wednesday, October 10th. Oppenheimer raised U.S. Bancorp from a market perform rating to an outperform rating and set a $62.00 target price on the stock in a research note on Thursday. Finally, UBS Group raised U.S. Bancorp from a market perform rating to an outperform rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. U.S. Bancorp has a consensus rating of Hold and an average target price of $59.58.

USB traded up $0.39 during trading on Thursday, reaching $52.52. The stock had a trading volume of 493,396 shares, compared to its average volume of 7,585,397. The stock has a market cap of $86.18 billion, a PE ratio of 15.23, a P/E/G ratio of 1.73 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a one year low of $48.49 and a one year high of $58.50.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.68 billion. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.82%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, September 27th. U.S. Bancorp’s dividend payout ratio is presently 43.27%.

In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the completion of the sale, the insider now directly owns 98,371 shares in the company, valued at $5,086,764.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of USB. Horan Capital Management purchased a new stake in shares of U.S. Bancorp during the second quarter worth about $109,000. Integrated Investment Consultants LLC purchased a new stake in shares of U.S. Bancorp during the second quarter worth about $135,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of U.S. Bancorp during the first quarter worth about $141,000. Field & Main Bank boosted its holdings in shares of U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares during the period. Finally, NEXT Financial Group Inc purchased a new stake in shares of U.S. Bancorp during the third quarter worth about $181,000. Institutional investors and hedge funds own 74.41% of the company’s stock.

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.

Featured Story: Leveraged Buyout (LBO)

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.