UBS Group Raises U.S. Bancorp (NYSE:USB) Price Target to $50.00

Key Points

• UBS Group has raised its price target for U.S. Bancorp from $49.00 to $50.00, indicating a potential upside of 4.74% from the current stock price.
• Other firms, such as Citigroup, have set higher price targets, with Citigroup increasing its target from $59.00 to $65.00 and maintaining a "buy" rating.
• U.S. Bancorp reported earnings of $1.11 per share in its latest quarter, exceeding analysts' expectations, and its revenue increased by 2.0% year-over-year.

U.S. Bancorp (NYSE:USB - Get Free Report) had its price target raised by research analysts at UBS Group from $49.00 to $50.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. UBS Group's price objective indicates a potential upside of 4.74% from the stock's current price.

A number of other research firms also recently issued reports on USB. Citigroup lifted their price target on U.S. Bancorp from $59.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Morgan Stanley set a $56.00 price objective on U.S. Bancorp and gave the company an "equal weight" rating in a research note on Monday, September 29th. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Truist Financial upped their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday, September 17th. Finally, Oppenheimer decreased their price target on shares of U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.11.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded up $0.02 on Tuesday, reaching $47.74. 2,730,221 shares of the stock were exchanged, compared to its average volume of 10,406,940. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The firm's 50 day moving average is $47.64 and its 200-day moving average is $44.62. The firm has a market cap of $74.28 billion, a PE ratio of 11.42, a P/E/G ratio of 1.50 and a beta of 1.06.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in U.S. Bancorp during the second quarter valued at about $25,000. Saudi Central Bank purchased a new stake in U.S. Bancorp during the 1st quarter valued at approximately $26,000. Westend Capital Management LLC bought a new stake in shares of U.S. Bancorp during the first quarter valued at approximately $27,000. Hillsdale Investment Management Inc. purchased a new position in U.S. Bancorp during the second quarter valued at $27,000. Finally, YANKCOM Partnership increased its holdings in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the last quarter. Institutional investors 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.

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