U.S. Bancorp (NYSE:USB) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• U.S. Bancorp has a consensus rating of "Moderate Buy" from 23 analysts, with an average 1-year price target of $53.11.
• The company recently declared a quarterly dividend of $0.52, which is a positive increase from the previous $0.50 dividend.
• U.S. Bancorp's stock price opened at $45.29 and has seen a 3.8% decline recently, despite reporting earnings exceeding expectations.

Shares of U.S. Bancorp (NYSE:USB - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-three analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $53.1136.

A number of equities analysts recently commented on the company. Truist Financial lifted their price target on U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. Citigroup lifted their price target on U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Morgan Stanley set a $56.00 price target on U.S. Bancorp and gave the stock an "equal weight" rating in a research note on Monday, September 29th. Evercore ISI lifted their price target on U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a research note on Tuesday, September 30th. Finally, Raymond James Financial upgraded 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.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value 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 $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On U.S. Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in U.S. Bancorp by 1.4% in the second quarter. Vanguard Group Inc. now owns 143,269,275 shares of the financial services provider's stock valued at $6,482,935,000 after acquiring an additional 2,038,996 shares during the period. Geode Capital Management LLC boosted its stake in U.S. Bancorp by 1.3% in the second quarter. Geode Capital Management LLC now owns 36,632,410 shares of the financial services provider's stock valued at $1,650,305,000 after acquiring an additional 456,890 shares during the period. Norges Bank acquired a new position in U.S. Bancorp in the second quarter valued at approximately $971,285,000. Amundi boosted its stake in U.S. Bancorp by 2.2% in the first quarter. Amundi now owns 19,907,665 shares of the financial services provider's stock valued at $773,268,000 after acquiring an additional 422,050 shares during the period. Finally, Davis Selected Advisers boosted its stake in U.S. Bancorp by 29.8% in the second quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider's stock valued at $874,757,000 after acquiring an additional 4,442,623 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 3.8%

Shares of U.S. Bancorp stock opened at $45.29 on Friday. The business has a 50-day moving average of $47.76 and a 200-day moving average of $44.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $70.48 billion, a PE ratio of 10.83, a P/E/G ratio of 1.47 and a beta of 1.06. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

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

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.6%. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp's payout ratio is 49.76%.

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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