U.S. Bancorp (NYSE:USB) Given “Outperform” Rating at Royal Bank Of Canada

U.S. Bancorp (NYSE:USB)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued on Monday,Benzinga reports. They presently have a $68.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 9.52% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. UBS Group raised their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 6th. Barclays upped their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Oppenheimer upped their price target on shares of U.S. Bancorp from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.06.

U.S. Bancorp Trading Up 0.1%

Shares of USB opened at $62.09 on Monday. The company’s fifty day simple moving average is $62.40 and its 200-day simple moving average is $57.63. The company has a market cap of $96.74 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.02 and a beta of 0.96. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same period in the previous year, the company earned $1.11 EPS. As a group, analysts expect that U.S. Bancorp will post 5.22 EPS for the current year.

Insider Transactions at U.S. Bancorp

In related news, insider Stephen L. Philipson sold 36,906 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares of the company’s stock, valued at $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by insiders.

Institutional Trading of U.S. Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dogwood Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 32.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after buying an additional 170 shares during the period. Blalock Williams LLC boosted its stake in U.S. Bancorp by 3.8% in the second quarter. Blalock Williams LLC now owns 4,680 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 171 shares in the last quarter. Paulson Wealth Management Inc. increased its position in U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after buying an additional 173 shares during the period. Flputnam Investment Management Co. increased its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 186 shares during the period. Finally, Formidable Asset Management LLC increased its stake in U.S. Bancorp by 0.8% in the first quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 186 shares during the period. Institutional investors own 77.60% of the company’s stock.

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.