U.S. Bancorp (NYSE:USB) Price Target Raised to $63.00 at Argus

U.S. Bancorp (NYSE:USB) had its target price increased by Argus from $62.00 to $63.00 in a research report released on Thursday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the financial services provider’s stock.

USB has been the subject of several other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. Citigroup raised their target price on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Royal Bank Of Canada boosted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Finally, Barclays lifted their price objective on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.19.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $56.21 on Thursday. The company has a market capitalization of $87.37 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The company’s 50-day moving average is $52.40 and its 200 day moving average is $49.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.82 and a current ratio of 0.80. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $56.70.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s payout ratio is 47.60%.

Institutional Investors Weigh In On U.S. Bancorp

Several large investors have recently added to or reduced their stakes in USB. Norges Bank bought a new position in U.S. Bancorp in the second quarter valued at $971,285,000. Davis Selected Advisers boosted its holdings in shares of U.S. Bancorp by 29.8% in the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock worth $874,757,000 after purchasing an additional 4,442,623 shares in the last quarter. SG Americas Securities LLC increased its position in shares of U.S. Bancorp by 3,451.9% during the 4th quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after purchasing an additional 4,210,676 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of U.S. Bancorp by 1,589.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after purchasing an additional 3,266,724 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of U.S. Bancorp by 354.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after buying an additional 2,227,103 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp News Summary

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Analysts raised price targets and reiterated buy ratings — Argus lifted its target from $62 to $63 (≈12% upside). Argus raise
• Positive Sentiment: TD Cowen reaffirmed a buy and also raised its price target (from $65 to $66), signaling continued analyst confidence. TD Cowen reaffirm TD Cowen PT raise
• Positive Sentiment: Q4 results beat expectations — EPS $1.26 vs. $1.19 consensus and revenue strength driven by fee income; several analysts boosted forecasts after the beat. Zacks earnings beat Analysts boost
• Positive Sentiment: U.S. Bancorp expanded its capital markets distribution via a deal with BTIG, which could lift fee revenue and trading flow over time. BTIG deal
• Neutral Sentiment: Coverage and transcripts are available for investors wanting detail on management commentary and guidance from the Q4 call. MSN transcript InsiderMonkey transcript
• Positive Sentiment: Dividend-focused research highlights USB as an attractive income name, supporting longer-term investor interest. Dividend piece
• Negative Sentiment: Shares initially fell after the report because higher credit‑loss provisions materially offset revenue gains and weighed on near-term profitability and risk outlook. Shares fall story Zacks on provisions

About U.S. Bancorp

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.