UBS Group investment analysts launched a hedge on shares of US Bancorp (NYSE: USB) in a research note sent to investors on Thursday, Fly reports. The brokerage established a “buy” rating on the shares of the financial services provider.
USB has been the subject of a number of other research reports. Jefferies Financial Group raised its price target for US Bancorp shares from $ 66.00 to $ 71.00 and gave the company a âbuyâ rating in a report released on Monday, October 11. Credit Suisse Group raised its price target on US Bancorp shares from $ 60.00 to $ 61.00 and rated the company “neutral” in a report released on Wednesday, September 22. Stephens downgraded US Bancorp shares from an “overweight” to a “peer-to-peer” rating and lowered their target price for the company from $ 68.00 to $ 63.00 in a research report on Monday 29 November. Citigroup raised its price target for US Bancorp shares from $ 66.00 to $ 70.00 and gave the company a “buy” rating in a research report on Thursday, September 23. Finally, the Royal Bank of Canada raised its price target on US Bancorp shares from $ 62.00 to $ 66.00 and gave the company an “outperformance” rating in a research report published on Friday 15. October. One research analyst rated the stock with a sell rating, seven assigned a conservation rating, eight assigned a buy rating, and one assigned a high buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of âBuyâ and an average target price of $ 63.70.
U.S. Bancorp shares traded up $ 0.17 during Thursday’s session, reaching $ 57.21. 5,615,885 shares of the company were traded, for an average volume of 6,235,999. The company has a leverage ratio of 0.74, a quick ratio of 0.78 and a current ratio of 0.79. The company has a 50-day simple moving average of $ 60.00 and a 200-day simple moving average of $ 58.33. US Bancorp has a 52-week low of $ 42.47 and a 52-week high of $ 63.01. The stock has a market cap of $ 84.83 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.69, and a beta of 1.08.
US Bancorp (NYSE: USB) last released its quarterly earnings data on Thursday, October 14. The financial services provider reported earnings per share of $ 1.30 for the quarter, beating analysts’ consensus estimates of $ 1.16 by $ 0.14. US Bancorp had a net margin of 32.30% and a return on equity of 16.20%. The company posted revenue of $ 5.89 billion in the quarter, compared to $ 5.76 billion expected by analysts. In the same quarter of the previous year, the company achieved earnings per share of $ 0.99. The company’s revenue for the quarter was down 1.2% year-on-year. On average, stock analysts predict that US Bancorp will post 5.14 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares in the company. Eagle Bay Advisors LLC acquired a new position in US Bancorp in the second quarter for a value of approximately $ 27,000. RPg Family Wealth Advisory LLC acquired a new position in US Bancorp in the 2nd quarter for a value of approximately $ 29,000. Tower View Investment Management & Research LLC acquired a new position in US Bancorp in Q3 for a value of approximately $ 30,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in US Bancorp in the 3rd quarter for a value of approximately $ 33,000. Finally, Solstein Capital LLC increased its stake in US Bancorp by 491.6% in the 2nd quarter. Solstein Capital LLC now owns 633 shares of the financial services provider valued at $ 36,000 after purchasing an additional 526 shares in the last quarter. Institutional investors hold 73.56% of the company’s shares.
US Bancorp Company Profile
US Bancorp operates as a bank holding company, which provides financial services, including loan and deposit services, cash management, foreign exchange trading, and trust and investment management. The company also offers mortgages, refinancing loans, auto loans, boats and recreational vehicles, lines of credit, credit card services, merchant accounts, banking, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing. services.
Further Reading: Why Investors Pay Attention to Retained Earnings
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