U.S. Bancorp (NYSE:USB) PT Lowered to $43.00

U.S. Bancorp (NYSE:USB) had its target price dropped by analysts at UBS Group from $47.00 to $43.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price would suggest a potential upside of 6.30% from the stock’s previous close.

Several other analysts have also weighed in on USB. Jefferies Financial Group raised their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Oppenheimer reduced their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Finally, Morgan Stanley lifted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.14.

U.S. Bancorp Stock Up 2.6 %

Shares of NYSE USB opened at $40.45 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The stock has a market capitalization of $63.03 billion, a P/E ratio of 13.39, a PEG ratio of 2.05 and a beta of 1.05. The stock’s fifty day moving average is $42.32 and its 200 day moving average is $39.84.

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 for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 3.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, 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 U.S. Bancorp stock in a transaction that occurred on Friday, February 16th. The stock was 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 owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Scotia Capital Inc. increased its holdings in shares of U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 990 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in shares of U.S. Bancorp by 33.4% during 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 in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $4,073,000. Van ECK Associates Corp increased its holdings in shares of U.S. Bancorp by 19.4% during the third quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after acquiring an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of U.S. Bancorp by 104.3% during the fourth quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock valued at $4,548,000 after acquiring an additional 53,653 shares in 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.