U.S. Bancorp (NYSE:USB) PT Lowered to $44.00

U.S. Bancorp (NYSE:USB - Free Report) had its price objective reduced by DA Davidson from $45.00 to $44.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

A number of other equities analysts have also recently issued reports on the stock. Barclays cut their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an overweight rating for the company in a research report on Thursday. UBS Group lifted their target price on shares of U.S. Bancorp from $35.00 to $48.00 and gave the stock a neutral rating in a research report on Wednesday, January 17th. Royal Bank of Canada lifted their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an outperform rating in a research report on Thursday, January 18th. Jefferies Financial Group boosted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a hold rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods restated a market perform rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $46.91.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.08 during midday trading on Thursday, hitting $39.44. The company had a trading volume of 9,789,602 shares, compared to its average volume of 8,797,694. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The business has a 50-day simple moving average of $42.33 and a two-hundred day simple moving average of $39.72. The firm has a market capitalization of $61.45 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter last year, the business earned $1.16 earnings per share. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given 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 4.97%. U.S. Bancorp's dividend payout ratio (DPR) is 59.76%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 144,236 shares of the company's stock, valued at approximately $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the business's 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 completion of the transaction, the insider now owns 144,236 shares of the company's stock, valued at $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On U.S. Bancorp

A number of large investors have recently bought and sold shares of the company. Applied Capital LLC FL boosted its holdings in shares of U.S. Bancorp by 3.3% in the 1st quarter. Applied Capital LLC FL now owns 30,601 shares of the financial services provider's stock valued at $1,368,000 after buying an additional 986 shares during the last quarter. Kowal Investment Group LLC increased its position in shares of 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 worth $2,320,000 after purchasing an additional 1,736 shares during the period. LVW Advisors LLC increased its position in shares of 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 worth $1,757,000 after purchasing an additional 10,612 shares during the period. Foguth Wealth Management LLC. bought a new position in shares of U.S. Bancorp in the first quarter worth $875,000. Finally, Chemung Canal Trust Co. increased its position in shares of 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 worth $4,740,000 after purchasing an additional 96,518 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

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.