Analysts Set U.S. Bancorp (NYSE:USB) Price Target at $53.48

U.S. Bancorp (NYSE:USB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are currently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $53.48.

A number of research analysts recently issued reports on USB shares. Barclays raised their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Compass Point raised their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a report on Thursday, December 19th. Finally, Piper Sandler raised U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a report on Monday, January 13th.

U.S. Bancorp Trading Down 0.9 %

Shares of NYSE USB traded down $0.39 during trading on Tuesday, reaching $43.39. The stock had a trading volume of 2,506,565 shares, compared to its average volume of 8,048,134. The company has a market cap of $67.59 billion, a P/E ratio of 11.47, a PEG ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The business's 50-day moving average price is $45.96 and its 200-day moving average price is $47.60.

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U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.61%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Bancorp

Several large investors have recently modified their holdings of the company. DSG Capital Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $15,294,000. CWC Advisors LLC. acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $209,000. NorthCrest Asset Manangement LLC boosted its stake in U.S. Bancorp by 9.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 6,738 shares of the financial services provider's stock valued at $322,000 after purchasing an additional 602 shares during the period. Wealthedge Investment Advisors LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at approximately $267,000. Finally, Anchor Pointe Wealth Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $304,000. 77.60% of the stock is owned by institutional investors.

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.