U.S. Bancorp (NYSE:USB) Receives $51.22 Average PT from Analysts

Shares of U.S. Bancorp (NYSE:USB - Get Free Report) have earned a consensus recommendation of "Hold" from the twenty research firms that are covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $51.22.

USB has been the topic of several recent analyst reports. Evercore ISI increased their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Robert W. Baird set a $54.00 price objective on U.S. Bancorp in a report on Thursday, October 17th. Barclays boosted their price objective on U.S. Bancorp from $52.00 to $57.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Morgan Stanley upgraded U.S. Bancorp from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Finally, Oppenheimer boosted their price target on shares of U.S. Bancorp from $59.00 to $64.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded up $0.05 during midday trading on Wednesday, hitting $50.45. 1,663,707 shares of the company were exchanged, compared to its average volume of 8,324,569. U.S. Bancorp has a fifty-two week low of $36.49 and a fifty-two week high of $51.76. The firm has a market capitalization of $78.70 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02. The business has a fifty day simple moving average of $47.21 and a two-hundred day simple moving average of $43.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

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

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, September 30th. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 3.96%. U.S. Bancorp's payout ratio is 61.16%.

U.S. Bancorp announced that its board has authorized a stock repurchase plan on Thursday, September 12th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company's stock, valued at $6,363,603.70. This represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in USB. M&T Bank Corp increased its holdings in U.S. Bancorp by 2.8% in the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after purchasing an additional 22,803 shares during the last quarter. Unigestion Holding SA acquired a new stake in shares of U.S. Bancorp in the third quarter valued at $600,000. TD Private Client Wealth LLC raised its holdings in shares of U.S. Bancorp by 7.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 200,657 shares of the financial services provider's stock valued at $9,176,000 after buying an additional 13,578 shares during the period. Empire Financial Management Company LLC purchased a new position in U.S. Bancorp during the 3rd quarter valued at about $215,000. Finally, Coldstream Capital Management Inc. increased its stake in U.S. Bancorp by 13.4% during the third quarter. Coldstream Capital Management Inc. now owns 69,726 shares of the financial services provider's stock worth $3,217,000 after purchasing an additional 8,234 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

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.