Brokerages Set U.S. Bancorp (NYSE:USB) Price Target at $52.50

Key Points

• U.S. Bancorp has received a consensus recommendation of "Moderate Buy" from 21 brokerages, with an average target price of $52.50 for the stock.
• Recent changes in analyst ratings include Morgan Stanley raising its target price from $51.00 to $52.00, while Barclays reduced theirs from $61.00 to $56.00.
• The company announced a quarterly dividend of $0.50, yielding 4.32%, with a payout ratio of 47.85%.

Shares of U.S. Bancorp (NYSE:USB - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-one analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $52.55.

A number of research analysts have commented on USB shares. Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. The Goldman Sachs Group boosted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Wells Fargo & Company dropped their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Truist Financial upped their price objective on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada decreased their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th.

U.S. Bancorp Trading Down 1.5%

Shares of U.S. Bancorp stock traded down $0.69 during trading on Monday, hitting $45.19. The stock had a trading volume of 4,851,467 shares, compared to its average volume of 10,873,688. The firm's fifty day simple moving average is $45.11 and its 200-day simple moving average is $44.18. The stock has a market cap of $70.41 billion, a PE ratio of 10.81, a PEG ratio of 1.45 and a beta of 0.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.98 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio is currently 47.85%.

Insiders Place Their Bets

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

Institutional Trading of U.S. Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. FIL Ltd grew its position in shares of U.S. Bancorp by 42.0% during the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after acquiring an additional 8,542 shares during the last quarter. Wesbanco Bank Inc. increased its stake in U.S. Bancorp by 31.6% in the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock valued at $13,724,000 after buying an additional 78,146 shares during the period. Crestwood Advisors Group LLC increased its stake in U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock valued at $286,000 after buying an additional 649 shares during the period. Becker Capital Management Inc. increased its stake in U.S. Bancorp by 1.5% in the 4th quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock valued at $27,069,000 after buying an additional 8,204 shares during the period. Finally, United Community Bank increased its stake in U.S. Bancorp by 21.8% in the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after buying an additional 8,796 shares during the period. 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.