The Goldman Sachs Group Issues Positive Forecast for U.S. Bancorp (NYSE:USB) Stock Price

U.S. Bancorp (NYSE:USB - Get Free Report) had its target price hoisted by research analysts at The Goldman Sachs Group from $41.00 to $46.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. The Goldman Sachs Group's price objective indicates a potential upside of 4.06% from the stock's current price.

Several other equities analysts have also recently commented on the company. Citigroup cut their price target on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. Bank of America reduced their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Barclays decreased their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Thursday, April 3rd. Finally, Raymond James reiterated an "outperform" rating and set a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $50.72.

U.S. Bancorp Stock Down 2.3%

NYSE:USB traded down $1.03 during mid-day trading on Tuesday, reaching $44.21. The stock had a trading volume of 10,995,153 shares, compared to its average volume of 9,056,856. The stock has a market cap of $68.87 billion, a P/E ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.99. The business's 50 day moving average is $41.31 and its 200 day moving average is $45.27. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.23% of the company's stock.

Institutional Trading of U.S. Bancorp

Hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp bought a new stake in shares of U.S. Bancorp in the fourth quarter worth about $26,000. FPC Investment Advisory Inc. bought a new stake in U.S. Bancorp during the 4th quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in U.S. Bancorp during the 1st quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. 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.