Jefferies Financial Group Begins Coverage on U.S. Bancorp (NYSE:USB)

Equities research analysts at Jefferies Financial Group began coverage on shares of U.S. Bancorp (NYSE:USB) in a research report issued on Thursday. The brokerage set a “hold” rating and a $55.00 price target on the financial services provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 6.04% from the company’s previous close.

Several other brokerages have also weighed in on USB. Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $61.00 to $66.00 in a research report on Thursday, February 26th. Barclays increased their price target on shares of U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. HSBC restated a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Finally, Argus upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.80.

U.S. Bancorp Price Performance

NYSE:USB opened at $51.87 on Thursday. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The firm has a market capitalization of $80.51 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.88 and a beta of 1.04. The stock’s 50 day moving average price is $55.32 and its two-hundred day moving average price is $51.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

Insider Activity at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Paulson Wealth Management Inc. increased its stake in U.S. Bancorp by 2.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 173 shares during the last quarter. Gilbert & Cook Inc. raised its holdings in shares of U.S. Bancorp by 1.2% during the 4th quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after buying an additional 184 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in U.S. Bancorp by 1.4% in the fourth quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after buying an additional 186 shares in the last quarter. Genesis Private Wealth LLC grew its position in U.S. Bancorp by 2.3% in the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 187 shares during the last quarter. Finally, Richmond Investment Services LLC lifted its holdings in shares of U.S. Bancorp by 1.9% in the fourth quarter. Richmond Investment Services LLC now owns 10,107 shares of the financial services provider’s stock worth $539,000 after acquiring an additional 192 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.