U.S. Bancorp (NYSE:USB) Receives $53.50 Consensus Target Price from Brokerages

Shares of U.S. Bancorp (NYSE:USB - Get Free Report) have been given an average rating of "Hold" by the eighteen research firms that are currently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $53.50.

A number of research analysts have recently commented on USB shares. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 price target on the stock. in a research report on Thursday, October 24th. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $65.00 in a report on Monday, November 25th. Oppenheimer lifted their target price on shares of U.S. Bancorp from $59.00 to $64.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Morgan Stanley upgraded shares of U.S. Bancorp from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $54.00 to $57.00 in a research note on Monday, September 30th. Finally, Evercore ISI raised their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th.

Insiders Place Their Bets

In other news, insider Jodi L. Richard sold 25,000 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now owns 129,790 shares of the company's stock, valued at approximately $6,363,603.70. The trade was a 16.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by insiders.

Institutional Investors Weigh In On U.S. Bancorp

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in U.S. Bancorp by 1.2% in the third quarter. State Street Corp now owns 67,282,970 shares of the financial services provider's stock worth $3,110,115,000 after acquiring an additional 819,805 shares during the period. FMR LLC lifted its position in shares of U.S. Bancorp by 32.7% in the 3rd quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock worth $2,922,784,000 after purchasing an additional 15,746,852 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of U.S. Bancorp by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,328,880 shares of the financial services provider's stock valued at $2,164,350,000 after purchasing an additional 1,796,336 shares in the last quarter. Geode Capital Management LLC increased its position in shares of U.S. Bancorp by 1.8% during the third quarter. Geode Capital Management LLC now owns 33,086,597 shares of the financial services provider's stock valued at $1,507,616,000 after buying an additional 599,852 shares during the period. Finally, Davis Selected Advisers raised its stake in U.S. Bancorp by 0.3% in the second quarter. Davis Selected Advisers now owns 14,228,444 shares of the financial services provider's stock worth $564,869,000 after buying an additional 43,437 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.07 during midday trading on Friday, reaching $51.03. The company had a trading volume of 6,426,776 shares, compared to its average volume of 8,221,553. The stock has a market cap of $79.61 billion, a P/E ratio of 15.61, a P/E/G ratio of 3.03 and a beta of 1.03. The company's 50 day moving average price is $49.79 and its 200 day moving average price is $45.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the prior year, the firm earned $1.05 EPS. The company's revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 61.16%.

U.S. Bancorp declared that its Board of Directors has authorized a share buyback plan on Thursday, September 12th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

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.