U.S. Bancorp (NYSE:USB) PT Lowered to $52.00

U.S. Bancorp (NYSE:USB) had its price target cut by Barclays from $56.00 to $52.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 28.55% from the company’s current price.

Several other brokerages have also issued reports on USB. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Morgan Stanley boosted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, Stephens lowered shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.68.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $40.45 on Thursday. The stock has a 50-day moving average price of $42.32 and a two-hundred day moving average price of $39.78. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a market capitalization 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 has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

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 the consensus estimate 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 the consensus estimate of $6.71 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that U.S. Bancorp will post 3.87 EPS for the current year.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On U.S. Bancorp

A number of institutional investors have recently added to or reduced their stakes in USB. FORVIS Wealth Advisors LLC boosted its stake in shares of U.S. Bancorp by 12.2% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 16,456 shares of the financial services provider’s stock worth $736,000 after buying an additional 1,786 shares during the last quarter. American National Bank & Trust Co. VA bought a new stake in U.S. Bancorp during the first quarter worth $491,000. Accel Wealth Management boosted its position in U.S. Bancorp by 1.2% in the first quarter. Accel Wealth Management now owns 110,194 shares of the financial services provider’s stock worth $4,926,000 after purchasing an additional 1,300 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in U.S. Bancorp by 23.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 37,007 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 7,131 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in shares of U.S. Bancorp by 3.7% during the 1st quarter. Cornerstone Wealth Management LLC now owns 37,790 shares of the financial services provider’s stock valued at $1,689,000 after purchasing an additional 1,353 shares during the last quarter. 77.60% of the stock is owned by 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.