UBS Group Issues Positive Forecast for U.S. Bancorp (NYSE:USB) Stock Price

U.S. Bancorp (NYSE:USB) had its target price raised by stock analysts at UBS Group from $64.00 to $66.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group‘s price objective suggests a potential upside of 9.07% from the company’s previous close.

USB has been the topic of several other reports. Citigroup cut their price objective on shares of U.S. Bancorp from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of U.S. Bancorp in a report on Thursday. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. DA Davidson reiterated a “buy” rating and set a $73.00 target price on shares of U.S. Bancorp in a research report on Friday, October 16th. Finally, Royal Bank Of Canada cut their price target on U.S. Bancorp from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

U.S. Bancorp Trading Up 1.8%

U.S. Bancorp stock traded up $1.06 during trading hours on Monday, reaching $60.51. 5,609,936 shares of the company’s stock traded hands, compared to its average volume of 9,116,676. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07. The firm has a market capitalization of $94.28 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.13 and a beta of 1.02. The firm’s 50 day moving average is $59.88 and its 200-day moving average is $58.03.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The company had revenue of $8.04 billion for the quarter, compared to analyst estimates of $8 billion. During the same quarter last year, the firm earned $1.22 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post 5.30 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Gunjan Kedia sold 27,267 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the completion of the transaction, the chief executive officer owned 426,262 shares in the company, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On U.S. Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in USB. Dimensional Fund Advisors LP boosted its holdings in U.S. Bancorp by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock worth $539,232,000 after purchasing an additional 93,025 shares during the last quarter. Mufg Bank LTD. bought a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $2,680,199,000. Illinois Municipal Retirement Fund boosted its stake in shares of U.S. Bancorp by 57.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider’s stock worth $4,798,000 after buying an additional 33,517 shares during the last quarter. Cardinal Capital Management Inc. increased its position in shares of U.S. Bancorp by 5.4% during the second quarter. Cardinal Capital Management Inc. now owns 326,565 shares of the financial services provider’s stock valued at $19,725,000 after acquiring an additional 16,814 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of U.S. Bancorp by 43.0% during the third quarter. First Bank & Trust now owns 133,794 shares of the financial services provider’s stock valued at $7,728,000 after acquiring an additional 40,208 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company’s consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.