U.S. Bancorp (NYSE:USB) Given “Market Perform” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of U.S. Bancorp (NYSE:USBFree Report) in a research report report published on Thursday morning, MarketBeat.com reports. They currently have a $45.00 target price on the financial services provider’s stock, down from their previous target price of $52.00.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an outperform rating in a report on Thursday, January 18th. Morgan Stanley raised their target price on 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. Jefferies Financial Group upped their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a hold rating in a research note on Monday, April 8th. HSBC raised U.S. Bancorp from a hold rating to a buy rating and lifted their price objective for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Finally, Piper Sandler reissued a neutral rating on shares of U.S. Bancorp in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $46.14.

View Our Latest Research Report on USB

U.S. Bancorp Trading Up 2.6 %

U.S. Bancorp stock opened at $40.45 on Thursday. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market capitalization of $63.03 billion, a PE ratio of 13.39, a PEG ratio of 2.10 and a beta of 1.05. The business’s 50-day simple moving average is $42.32 and its 200-day simple moving average is $39.90.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly 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 return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business posted $1.16 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is 64.90%.

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 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 directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction 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 sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of U.S. Bancorp by 130,768.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares in the last quarter. Mufg Bank LTD. lifted its stake in U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after buying an additional 24,000,000 shares in the last quarter. Norges Bank acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $827,370,000. Aristotle Capital Management LLC increased its position in shares of U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after acquiring an additional 17,066,479 shares in the last quarter. Finally, Viking Global Investors LP acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $414,174,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

(Get Free Report)

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.

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Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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