U.S. Bancorp (NYSE:USB) PT Raised to $48.00

U.S. Bancorp (NYSE:USB - Free Report) had its price objective lifted by Evercore ISI from $46.00 to $48.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has an in-line rating on the financial services provider's stock.

A number of other brokerages have also recently commented on USB. Robert W. Baird cut shares of U.S. Bancorp from an outperform rating to a neutral rating and set a $52.00 price target on the stock. in a research report on Friday, December 15th. Morgan Stanley increased their price objective 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. Stephens cut shares of U.S. Bancorp from an overweight rating to an equal weight rating in a research report on Wednesday, December 20th. Compass Point raised shares of U.S. Bancorp from a neutral rating to a buy rating and increased their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $43.00 to $50.00 and gave the stock an overweight rating in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $46.41.

U.S. Bancorp Trading Up 1.6 %

USB traded up $0.69 during trading on Thursday, reaching $44.69. 7,594,784 shares of the stock traded hands, compared to its average volume of 9,094,184. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $69.63 billion, a PE ratio of 13.66, a P/E/G ratio of 2.24 and a beta of 1.04. The stock's 50-day moving average is $41.98 and its 200 day moving average is $38.84. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 3.89 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, March 27th. U.S. Bancorp's dividend payout ratio is currently 59.76%.

Insider Buying and Selling

In related news, insider Timothy A. Welsh sold 12,100 shares of the firm's stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a 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 stock in a transaction that occurred 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 directly owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of the firm's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the sale, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,265 shares of company stock worth $2,535,903. 0.23% of the stock is owned by insiders.

Institutional Trading of U.S. Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at $27,000. Legacy Financial Group LLC purchased a new position in U.S. Bancorp during the third quarter valued at $30,000. Finally, Naples Money Management LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at $30,000. 77.60% of the stock is currently owned by 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.