U.S. Bancorp (NYSE:USB) Price Target Lowered to $52.00 at Barclays

U.S. Bancorp (NYSE:USB) had its price objective cut by investment analysts at Barclays from $56.00 to $52.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 28.55% from the stock’s previous close.

A number of other research analysts have also commented on the company. Jefferies Financial Group upped their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Evercore ISI lifted their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Oppenheimer dropped their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.68.

U.S. Bancorp Trading Up 2.6 %

NYSE:USB opened at $40.45 on Thursday. The firm has a market capitalization of $63.03 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.04 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. The company has a fifty day moving average of $42.32 and a 200 day moving average of $39.78. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. On average, research analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current year.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the business’s 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 transaction, 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 document filed with the SEC, which is available through this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Scotia Capital Inc. grew its position in U.S. Bancorp by 2.9% in the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 990 shares during the period. Tealwood Asset Management Inc. lifted its holdings in U.S. Bancorp by 33.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after acquiring an additional 15,665 shares during the period. Louisiana State Employees Retirement System purchased a new position in U.S. Bancorp in the fourth quarter worth about $4,073,000. Van ECK Associates Corp grew its stake in shares of U.S. Bancorp by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after purchasing an additional 1,410,324 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of U.S. Bancorp by 104.3% in the fourth quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock worth $4,548,000 after buying an additional 53,653 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

About U.S. Bancorp

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.