U.S. Bancorp (NYSE:USB) PT Lowered to $54.00

U.S. Bancorp (NYSE:USB) had its target price cut by equities researchers at Oppenheimer from $55.00 to $54.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price objective suggests a potential upside of 33.50% from the company’s current price.

Several other equities research analysts also recently commented on USB. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. UBS Group raised their price target on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Jefferies Financial Group boosted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.68.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $40.45 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company has a market cap of $63.03 billion, a PE ratio of 13.39, a P/E/G ratio of 2.04 and a beta of 1.05. The company’s fifty day simple moving average is $42.32 and its 200-day simple moving average is $39.78. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On U.S. Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of U.S. Bancorp during the first quarter valued at about $30,000. Finally, Naples Money Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth about $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.