Brokerages Set U.S. Bancorp (NYSE:USB) PT at $67.06

Shares of U.S. Bancorp (NYSE:USB) have earned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $67.0625.

A number of research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $67.50 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Raymond James Financial initiated coverage on U.S. Bancorp in a research note on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 price target on the stock. DA Davidson lifted their price objective on U.S. Bancorp from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Stephens upped their price objective on U.S. Bancorp from $63.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th.

U.S. Bancorp Trading Down 0.0%

Shares of NYSE:USB opened at $63.36 on Tuesday. 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 1 year low of $45.02 and a 1 year high of $66.07. The company has a market cap of $98.72 billion, a P/E ratio of 12.65, a PEG ratio of 1.13 and a beta of 0.95. The stock’s fifty day moving average price is $63.11 and its 200-day moving average price is $57.91.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period last year, the company earned $1.11 EPS. Sell-side analysts expect that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is 41.52%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction on Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction 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. This represents a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of USB. Financial Life Planners purchased a new position in U.S. Bancorp during the first quarter valued at approximately $27,000. Main Street Group LTD bought a new stake in shares of U.S. Bancorp during the 1st quarter valued at $28,000. JPL Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the 3rd quarter valued at $28,000. Archer Investment Corp bought a new position in U.S. Bancorp in the 2nd quarter worth $29,000. Finally, Parvin Asset Management LLC purchased a new stake in U.S. Bancorp in the 2nd quarter worth $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

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.