U.S. Bancorp (NYSE:USB) Stock Gets Price Target Cut from Citigroup

U.S. Bancorp (NYSE:USB) had its price objective cut by equities research analysts at Citigroup from $72.00 to $70.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 19.28% from the company’s previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. Stephens raised their price objective on shares of U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. CLSA set a $67.50 price objective on shares of U.S. Bancorp in a report on Monday, July 20th. Raymond James Financial lowered their target price on shares of U.S. Bancorp from $74.00 to $72.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of U.S. Bancorp from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.19.

U.S. Bancorp Stock Performance

Shares of USB traded up $1.30 during midday trading on Friday, reaching $58.69. 8,194,292 shares of the stock were exchanged, compared to its average volume of 9,222,152. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07. The business’s 50-day moving average price is $60.92 and its 200 day moving average price is $59.01. The company has a market capitalization of $91.44 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.05 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The firm had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $8 billion. During the same quarter in the prior year, the business earned $1.22 EPS. U.S. Bancorp’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts expect that U.S. Bancorp will post 5.26 EPS for the current fiscal year.

Insider Activity

In related news, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the transaction, the chief executive officer owned 426,262 shares in the company, valued at $26,585,960.94. The trade was a 6.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the sale, the insider directly owned 74,969 shares of the company’s stock, valued at $4,729,044.52. This trade represents a 32.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

Institutional Trading of U.S. Bancorp

Several hedge funds have recently bought and sold shares of USB. Dimensional Fund Advisors LP grew its holdings in U.S. Bancorp by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock valued at $539,232,000 after buying an additional 93,025 shares in the last quarter. Mufg Bank LTD. bought a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $2,680,199,000. SG Americas Securities LLC raised its position in U.S. Bancorp by 51.4% during the first quarter. SG Americas Securities LLC now owns 6,559,944 shares of the financial services provider’s stock valued at $341,183,000 after purchasing an additional 2,227,285 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of U.S. Bancorp by 57.1% during the first quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider’s stock valued at $4,798,000 after buying an additional 33,517 shares during the period. Finally, Wasatch Advisors LP purchased a new stake in U.S. Bancorp in the 1st quarter valued at about $4,768,000. Institutional investors own 77.60% of the company’s stock.

Key Stories Impacting U.S. Bancorp

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

• Positive Sentiment: Q3 earnings beat expectations: U.S. Bancorp reported diluted EPS of $1.34, up from $1.22 a year earlier and above the $1.32 analyst consensus. Net income rose 10% year over year to approximately $2.2 billion. U.S. Bancorp Reports Third Quarter 2026 Results
• Positive Sentiment: Broad-based operating momentum: Net interest income increased 5.8%, noninterest income rose 13.1%, and average loans grew 8%. Capital markets revenue surged 69.3%, while fee diversification and deposit growth supported the bank’s outlook. U.S. Bancorp Q3 Earnings Beat Estimates
• Positive Sentiment: Higher guidance and analyst support: Management raised its 2026 growth outlook, including revenue guidance of $31.0 billion to $31.3 billion. D.A. Davidson maintained a Buy rating and a $73 price target, forecasting 6% net interest income growth in 2026. Other analysts also revised targets following the results. Why Is U.S. Bancorp Stock Gaining Friday?
• Neutral Sentiment: Strategic investment: U.S. Bank plans to spend about $300 million annually on branch improvements after its current renovation effort winds down. The investment could strengthen its retail franchise but may limit near-term expense leverage. U.S. Bank to Boost Branch Spending
• Negative Sentiment: Revenue and credit-quality concerns: Quarterly revenue of roughly $7.97 billion slightly missed forecasts. Provision for credit losses increased to $654 million from $571 million, and early-stage card delinquencies rose as card balances grew. Higher expenses also remain a consideration for investors.

U.S. Bancorp Company Profile

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.

Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning.