U.S. Bancorp (NYSE:USB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

U.S. Bancorp (NYSE:USB) had its target price increased by research analysts at Keefe, Bruyette & Woods from $53.00 to $58.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.96% from the stock’s previous close.

Other analysts have also issued reports about the stock. Oppenheimer decreased their target price on shares of U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Citigroup lifted their price objective on U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 17th. Evercore ISI increased their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. TD Cowen boosted their price target on U.S. Bancorp from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.63.

U.S. Bancorp Stock Performance

USB traded up $0.26 on Wednesday, hitting $53.73. 4,101,029 shares of the stock traded hands, compared to its average volume of 10,072,080. The business has a fifty day moving average price of $48.29 and a two-hundred day moving average price of $47.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $83.51 billion, a PE ratio of 12.31, a P/E/G ratio of 1.02 and a beta of 1.10. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $54.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.U.S. Bancorp’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Activity

In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the transaction, the executive vice president directly owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. The trade was a 10.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Andrew Cecere sold 140,445 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the sale, the chairman directly owned 1,360,414 shares in the company, valued at $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On U.S. Bancorp

Large investors have recently made changes to their positions in the company. Cannell & Spears LLC lifted its position in U.S. Bancorp by 1.0% during the 3rd quarter. Cannell & Spears LLC now owns 22,309 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 214 shares during the period. Parcion Private Wealth LLC grew its position in shares of U.S. Bancorp by 0.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after buying an additional 218 shares during the period. Modern Wealth Management LLC raised its stake in shares of U.S. Bancorp by 1.0% during the third quarter. Modern Wealth Management LLC now owns 22,493 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 221 shares during the last quarter. Curbstone Financial Management Corp lifted its holdings in U.S. Bancorp by 0.6% in the second quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider’s stock valued at $1,809,000 after buying an additional 222 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in U.S. Bancorp by 4.5% in the third quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 232 shares during the last quarter. Institutional investors and hedge funds 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.