U.S. Bancorp (NYSE:USB) Price Target Cut to $65.00 by Analysts at Morgan Stanley

U.S. Bancorp (NYSE:USB) had its price target decreased by Morgan Stanley from $72.00 to $65.00 in a research report report published on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.

USB has been the topic of several other research reports. Truist Financial upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $61.00 to $66.00 in a report on Thursday, February 26th. DA Davidson boosted their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Barclays upped their price objective on shares of U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods raised their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.93.

U.S. Bancorp Stock Performance

USB opened at $51.98 on Tuesday. The company has a market cap of $80.68 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. The stock has a 50-day moving average of $55.07 and a 200-day moving average of $51.84. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

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

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. U.S. Bancorp’s payout ratio is 45.02%.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

Several large investors have recently bought and sold shares of USB. Clayton Financial Group LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth about $25,000. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp in the third quarter valued at about $25,000. Financial Life Planners bought a new stake in shares of U.S. Bancorp in the third quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp during the third quarter worth about $26,000. Finally, Rossby Financial LCC grew its position in U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after buying an additional 212 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

More U.S. Bancorp News

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

• Positive Sentiment: Elavon (a U.S. Bank subsidiary) expanded its financing/payments partnership with Liberis to launch “Quick Capital” in Canada, extending a program that can drive SMB funding flows and payments revenue for Elavon/U.S. Bank. Elavon and Liberis Expand Partnership
• Positive Sentiment: U.S. Bank partnered with Built to digitalize and speed new-home construction mortgage workflows — a move that can increase mortgage originations, improve client experience and reduce execution friction on construction loans. U.S. Bank Enhances Consumer Mortgage Experience
• Positive Sentiment: Leadership update: U.S. Bancorp named Toby Clements chief operations officer (senior EVP), responsible for client service centers and global operations (~16,000 employees). Strong ops leadership can improve efficiency and execution on strategic initiatives. USB appoints Toby Clements as COO
• Neutral Sentiment: U.S. Bank is extending home‑improvement loan terms to address affordability, likely boosting originations but with potential margin tradeoffs depending on funding costs and credit performance. U.S. Bank extends loan terms
• Neutral Sentiment: Analyst/industry pieces are evaluating USB’s ability to sustain capital returns given its liquidity and investment‑grade profile — useful context but not immediate catalysts. Is U.S. Bancorp Poised to Sustain Its Capital Return Strategy?
• Negative Sentiment: Morgan Stanley cut its price target on USB from $72 to $65 and set an “equal weight” rating — a downgrade in upside expectations that can pressure sentiment and limit near-term upside. Morgan Stanley lowers price target
• Negative Sentiment: Oppenheimer also trimmed its price target (reported reduction to $71), another sign some analysts are moderating upside even as fundamentals remain solid. Oppenheimer Cuts Price Target

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.