Morgan Stanley Boosts U.S. Bancorp (NYSE:USB) Price Target to $51.00

U.S. Bancorp (NYSE:USB - Get Free Report) had its price objective increased by investment analysts at Morgan Stanley from $50.00 to $51.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's target price points to a potential upside of 6.85% from the company's current price.

USB has been the subject of several other research reports. Evercore ISI raised their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. DA Davidson lowered their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Piper Sandler cut their price target on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Finally, Barclays lowered their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.34.

U.S. Bancorp Stock Up 0.5%

NYSE:USB traded up $0.24 during trading hours on Thursday, reaching $47.73. The company's stock had a trading volume of 7,036,266 shares, compared to its average volume of 9,331,398. The stock has a 50 day moving average price of $43.54 and a two-hundred day moving average price of $44.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $74.36 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. 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 results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same period last year, the business posted $0.78 EPS. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Institutional Trading of U.S. Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after buying an additional 36,863 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in U.S. Bancorp by 68.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 64,468 shares of the financial services provider's stock worth $3,084,000 after acquiring an additional 26,251 shares during the period. Keybank National Association OH lifted its position in U.S. Bancorp by 0.4% during the 4th quarter. Keybank National Association OH now owns 72,221 shares of the financial services provider's stock worth $3,454,000 after acquiring an additional 296 shares during the period. Souders Financial Advisors acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $210,000. Finally, J.Safra Asset Management Corp purchased a new position in U.S. Bancorp during the 4th quarter worth $26,000. Hedge funds and other 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.