Brokerages Set U.S. Bancorp (NYSE:USB) Target Price at $54.95

U.S. Bancorp (NYSE:USB) has been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $54.9474.

A number of equities research analysts have issued reports on USB shares. Truist Financial increased their price target on U.S. Bancorp from $52.00 to $58.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Evercore ISI increased their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their target price on U.S. Bancorp from $53.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. Cowen restated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, October 20th. Finally, Oppenheimer cut their price objective on shares of U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th.

U.S. Bancorp Stock Performance

NYSE:USB opened at $54.97 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day simple moving average of $49.61 and a two-hundred day simple moving average of $47.76. The firm has a market capitalization of $85.45 billion, a PE ratio of 12.58, a P/E/G ratio of 1.04 and a beta of 1.10. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $55.15.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. U.S. Bancorp’s payout ratio is currently 47.60%.

Insider Transactions at U.S. Bancorp

In related news, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the sale, the chairman owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. This represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the transaction, the executive vice president directly owned 226,375 shares of the company’s stock, valued at $10,607,932.50. The trade was a 10.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Triumph Capital Management purchased a new stake in U.S. Bancorp during the third quarter valued at approximately $89,000. AIA Group Ltd raised its holdings in U.S. Bancorp by 176.3% during the 3rd quarter. AIA Group Ltd now owns 65,865 shares of the financial services provider’s stock valued at $3,183,000 after buying an additional 42,023 shares during the period. Mirabella Financial Services LLP raised its holdings in U.S. Bancorp by 147.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 27,171 shares of the financial services provider’s stock valued at $1,311,000 after buying an additional 16,203 shares during the period. IFP Advisors Inc lifted its position in U.S. Bancorp by 8.0% in the third quarter. IFP Advisors Inc now owns 15,533 shares of the financial services provider’s stock worth $786,000 after buying an additional 1,144 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in U.S. Bancorp by 1.5% during the third quarter. Swiss Life Asset Management Ltd now owns 1,226,653 shares of the financial services provider’s stock worth $59,284,000 after buying an additional 18,245 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

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.