U.S. Bancorp (NYSE:USB) Stock Has Average Target Price of $68.43 According to Brokerages

Shares of U.S. Bancorp (NYSE:USB) have received a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $68.43.

Several analysts have recently issued reports on USB shares. Royal Bank Of Canada decreased their price objective on U.S. Bancorp from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday. DA Davidson reissued a “buy” rating and issued a $73.00 target price on shares of U.S. Bancorp in a report on Friday. Robert W. Baird raised their target price on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Barclays boosted their price target on shares of U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 6th.

Insider Activity at U.S. Bancorp

In other news, CEO Gunjan Kedia sold 27,267 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the sale, the chief executive officer directly owned 426,262 shares in the company, valued at $26,585,960.94. The trade was a 6.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dogwood Wealth Management LLC boosted its position in shares of U.S. Bancorp by 32.9% during the second quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after buying an additional 170 shares during the period. Blalock Williams LLC grew its stake in shares of U.S. Bancorp by 3.8% during the second quarter. Blalock Williams LLC now owns 4,680 shares of the financial services provider’s stock valued at $283,000 after buying an additional 171 shares during the last quarter. Formidable Asset Management LLC grew its stake in shares of U.S. Bancorp by 0.8% during the first quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 186 shares during the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of U.S. Bancorp by 0.9% in the first quarter. FAS Wealth Partners Inc. now owns 19,964 shares of the financial services provider’s stock worth $1,038,000 after buying an additional 186 shares during the period. Finally, Balboa Wealth Partners raised its holdings in shares of U.S. Bancorp by 4.0% in the first quarter. Balboa Wealth Partners now owns 4,920 shares of the financial services provider’s stock worth $256,000 after buying an additional 188 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB opened at $59.07 on Wednesday. The business’s 50-day moving average is $60.59 and its 200 day moving average is $59.15. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The company has a market capitalization of $92.04 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.07 and a beta of 1.00. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.02. The business had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $8 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 18.85%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 5.29 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s dividend payout ratio is 42.11%.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company’s consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.