U.S. Bancorp (NYSE:USB) Receives $46.02 Consensus PT from Analysts

Shares of U.S. Bancorp (NYSE:USB) have been given an average rating of “Hold” by the twenty-three ratings firms that are currently covering the firm, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.02.

A number of research analysts have recently commented on the stock. UBS Group reduced their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Morgan Stanley upped 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. StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a report on Wednesday, May 1st.

Insider Transactions at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of USB. CGC Financial Services LLC bought a new position in U.S. Bancorp in the 4th quarter valued at about $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $27,000. Legacy Financial Group LLC bought a new position in shares of U.S. Bancorp during the 3rd quarter valued at about $30,000. Finally, Naples Money Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $30,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

USB opened at $41.82 on Friday. The company has a 50 day moving average of $42.34 and a two-hundred day moving average of $40.56. U.S. Bancorp has a 52-week low of $28.53 and a 52-week 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 company has a market cap of $65.26 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.69%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

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.