U.S. Bancorp (NYSE:USB) PT Lowered to $52.00

U.S. Bancorp (NYSE:USBFree Report) had its price target decreased by Barclays from $56.00 to $52.00 in a report published on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on USB. Stephens lowered U.S. Bancorp from an overweight rating to an equal weight rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday. HSBC upgraded shares of U.S. Bancorp from a hold rating to a buy rating and boosted their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Evercore ISI raised their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an in-line rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group boosted their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a hold rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of Hold and a consensus price target of $46.14.

Read Our Latest Stock Analysis on USB

U.S. Bancorp Stock Performance

USB stock opened at $40.45 on Thursday. The company has a 50-day simple moving average of $42.32 and a 200 day simple moving average of $39.90. The company has a market capitalization of $63.03 billion, a P/E ratio of 13.39, a PEG ratio of 2.10 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.85%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors and hedge funds have recently modified their holdings of USB. CGC Financial Services LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp during the third quarter valued at approximately $30,000. Finally, Naples Money Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Bancorp

(Get Free Report)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

Further Reading

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

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