Brokerages Set U.S. Bancorp (NYSE:USB) Price Target at $46.02

U.S. Bancorp (NYSE:USB) has been given an average rating of “Hold” by the twenty-three ratings firms that are currently covering the company, Marketbeat reports. Fourteen analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $46.02.

A number of research firms recently weighed in on USB. Jefferies Financial Group raised their price target on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Oppenheimer dropped their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. UBS Group dropped their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Evercore ISI raised their price target on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th.

Insiders Place Their Bets

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 transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pettyjohn Wood & White Inc. bought a new position in U.S. Bancorp during the first quarter worth about $211,000. Rogco LP raised its stake in shares of U.S. Bancorp by 3.1% in the 1st quarter. Rogco LP now owns 11,529 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 347 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $732,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of U.S. Bancorp by 23.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 233,819 shares of the financial services provider’s stock valued at $10,452,000 after purchasing an additional 44,624 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $3,638,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 0.3 %

Shares of USB opened at $41.69 on Friday. U.S. Bancorp has a 1 year low of $28.53 and a 1 year high of $45.85. 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 stock has a 50 day simple moving average of $42.35 and a 200-day simple moving average of $40.64. The stock has a market cap of $65.06 billion, a PE ratio of 13.80, a PEG ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm posted $1.16 EPS. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.70%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

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.