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

U.S. Bancorp (NYSE:USB) had its target price lowered by investment analysts at UBS Group from $47.00 to $43.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 7.53% from the company’s current price.

Several other research firms also recently weighed in on USB. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Wells Fargo & Company reduced their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Finally, Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.68.

U.S. Bancorp Trading Up 1.4 %

Shares of USB stock traded up $0.55 during mid-day trading on Friday, reaching $39.99. The company’s stock had a trading volume of 3,676,083 shares, compared to its average volume of 8,725,520. The company’s 50 day simple moving average is $42.31 and its 200-day simple moving average is $39.72. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. 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 firm has a market capitalization of $62.31 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05.

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

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly 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 owned by insiders.

Hedge Funds Weigh In On U.S. Bancorp

A number of hedge funds have recently made changes to their positions in USB. BCK Partners Inc. acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at $2,514,000. Acadian Asset Management LLC grew its holdings in U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 276 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in U.S. Bancorp by 20.8% during the 1st quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 3,663 shares during the last quarter. Prudential PLC bought a new stake in U.S. Bancorp during the 1st quarter worth about $1,731,000. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of U.S. Bancorp by 5.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock valued at $4,573,000 after purchasing an additional 4,827 shares during the last quarter. Institutional investors and hedge funds 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.