U.S. Bancorp (NYSE:USB) Price Target Cut to $42.00 by Analysts at Jefferies Financial Group

U.S. Bancorp (NYSE:USB) had its target price decreased by investment analysts at Jefferies Financial Group from $43.00 to $42.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 5.55% from the stock’s current price.

USB has been the subject of a number of other reports. Morgan Stanley reiterated an “equal weight” rating and set a $45.00 price target on shares of U.S. Bancorp in a research report on Friday, June 21st. Barclays cut their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. UBS Group cut their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, Oppenheimer lowered their target price 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. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.84.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded down $0.18 during midday trading on Wednesday, hitting $39.79. The company had a trading volume of 1,404,693 shares, compared to its average volume of 8,358,243. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.85. The stock has a market cap of $62.09 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The business’s 50-day simple moving average is $40.30 and its 200-day simple moving average is $41.62.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the company posted $1.16 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Motley Fool Wealth Management LLC boosted its position in shares of U.S. Bancorp by 0.7% in the first quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock worth $1,715,000 after buying an additional 251 shares during the period. Vestor Capital LLC boosted its position in U.S. Bancorp by 1.5% during the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 253 shares during the period. Mosaic Family Wealth Partners LLC grew its stake in U.S. Bancorp by 1.4% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 19,487 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 264 shares in the last quarter. Wealth Alliance increased its holdings in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares during the period. Finally, First Financial Bank Trust Division lifted its position in shares of U.S. Bancorp by 0.9% in the second quarter. First Financial Bank Trust Division now owns 31,253 shares of the financial services provider’s stock worth $1,241,000 after purchasing an additional 269 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

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.