U.S. Bancorp (NYSE:USB) Price Target Lowered to $43.50 at JPMorgan Chase & Co.

U.S. Bancorp (NYSE:USB - Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $45.00 to $43.50 in a report released on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 5.97% from the stock's previous close.

A number of other brokerages have also commented on USB. Keefe, Bruyette & Woods restated a "market perform" rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. Evercore ISI boosted their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an "in-line" rating in a research note on Thursday, March 28th. Piper Sandler restated a "neutral" rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Wells Fargo & Company cut their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. Finally, Royal Bank of Canada lifted their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an "outperform" rating in a report on Thursday, January 18th. One 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $46.02.

U.S. Bancorp Trading Up 1.0 %

Shares of NYSE:USB traded up $0.42 during mid-day trading on Wednesday, hitting $41.05. The company had a trading volume of 5,844,995 shares, compared to its average volume of 8,632,570. The firm has a fifty day moving average price of $42.33 and a 200 day moving average price of $40.34. The company has a market capitalization of $63.96 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. As a group, research analysts forecast that U.S. Bancorp will post 3.85 EPS for the current year.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 164,880 shares of the company's stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On U.S. Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vestor Capital LLC grew its stake in shares of 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 valued at $744,000 after purchasing an additional 253 shares during the period. Mosaic Family Wealth Partners LLC grew its stake in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider's stock valued at $832,000 after purchasing an additional 265 shares during the period. Wealth Alliance grew its stake in shares of U.S. Bancorp by 0.5% during 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. EverSource Wealth Advisors LLC grew its stake in shares of U.S. Bancorp by 8.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider's stock valued at $163,000 after purchasing an additional 285 shares during the period. Finally, United Community Bank grew its stake in shares of U.S. Bancorp by 0.7% during the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider's stock valued at $1,747,000 after purchasing an additional 289 shares during the period. 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.