U.S. Bancorp (NYSE:USB) Sets New 12-Month High on Analyst Upgrade

U.S. Bancorp (NYSE:USB) reached a new 52-week high during trading on Thursday after Argus raised their price target on the stock from $62.00 to $63.00. Argus currently has a buy rating on the stock. U.S. Bancorp traded as high as $56.57 and last traded at $56.5790, with a volume of 2967339 shares. The stock had previously closed at $55.47.

A number of other equities analysts have also weighed in on the company. Barclays upped their target price on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. DA Davidson raised their target price on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group set a $52.00 price target on U.S. Bancorp and gave the stock a “neutral” rating in a report on Friday, October 17th. UBS Group raised their price objective on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.19.

More U.S. Bancorp News

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

Hedge Funds Weigh In On U.S. Bancorp

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of U.S. Bancorp by 0.9% in the third quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock valued at $6,986,023,000 after acquiring an additional 1,279,104 shares during the period. State Street Corp raised its position in shares of U.S. Bancorp by 0.9% in the third quarter. State Street Corp now owns 69,179,530 shares of the financial services provider’s stock worth $3,378,808,000 after buying an additional 648,943 shares in the last quarter. Geode Capital Management LLC grew its position in U.S. Bancorp by 1.3% during the second quarter. Geode Capital Management LLC now owns 36,632,410 shares of the financial services provider’s stock worth $1,650,305,000 after buying an additional 456,890 shares in the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $971,285,000. Finally, Davis Selected Advisers boosted its position in shares of U.S. Bancorp by 0.5% during the 3rd quarter. Davis Selected Advisers now owns 19,431,562 shares of the financial services provider’s stock valued at $939,127,000 after acquiring an additional 99,925 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 1.3%

The company has a market cap of $87.37 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.82. The company has a fifty day moving average price of $52.40 and a 200 day moving average price of $49.04.

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. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

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.