U.S. Bancorp (NYSE:USB) Receives "Market Perform" Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of U.S. Bancorp (NYSE:USB - Free Report) in a research report released on Thursday, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has a $45.00 target price on the financial services provider's stock, down from their prior target price of $52.00.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of U.S. Bancorp from a hold rating to a sell rating in a research note on Tuesday, February 20th. Jefferies Financial Group boosted 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. Morgan Stanley boosted their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an equal weight rating in a research note on Tuesday, January 30th. UBS Group boosted their target price on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a neutral rating in a research note on Wednesday, January 17th. Finally, Barclays boosted their target price on shares of U.S. Bancorp from $48.00 to $56.00 and gave the company an overweight rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $46.91.

U.S. Bancorp Stock Performance

NYSE:USB traded down $0.08 during midday trading on Thursday, reaching $39.44. The stock had a trading volume of 9,789,602 shares, compared to its average volume of 8,797,694. The firm has a fifty day simple moving average of $42.31 and a two-hundred day simple moving average of $39.72. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. 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 cap of $61.45 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued 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. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities analysts expect that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.97%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp's dividend payout ratio is currently 59.76%.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 26,583 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Terrance R. Dolan sold 26,583 shares of the business's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company's stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James L. Chosy sold 21,582 shares of the business's stock in a transaction on Friday, February 16th. The shares were 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 in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On U.S. Bancorp

Several large investors have recently made changes to their positions in the company. Applied Capital LLC FL increased its holdings in U.S. Bancorp by 3.3% in the first quarter. Applied Capital LLC FL now owns 30,601 shares of the financial services provider's stock valued at $1,368,000 after purchasing an additional 986 shares during the last quarter. Kowal Investment Group LLC increased its holdings in U.S. Bancorp by 3.5% in the first quarter. Kowal Investment Group LLC now owns 51,899 shares of the financial services provider's stock valued at $2,320,000 after purchasing an additional 1,736 shares during the last quarter. LVW Advisors LLC increased its holdings in U.S. Bancorp by 37.0% in the first quarter. LVW Advisors LLC now owns 39,300 shares of the financial services provider's stock valued at $1,757,000 after purchasing an additional 10,612 shares during the last quarter. Foguth Wealth Management LLC. bought a new stake in U.S. Bancorp in the first quarter valued at about $875,000. Finally, Chemung Canal Trust Co. increased its holdings in U.S. Bancorp by 1,013.2% in the first quarter. Chemung Canal Trust Co. now owns 106,044 shares of the financial services provider's stock valued at $4,740,000 after purchasing an additional 96,518 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

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.