Keefe, Bruyette & Woods Boosts U.S. Bancorp (NYSE:USB) Price Target to $52.00

U.S. Bancorp (NYSE:USB) had its price target hoisted by Keefe, Bruyette & Woods from $50.00 to $52.00 in a research report released on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts also recently weighed in on USB. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an outperform rating in a report on Thursday, January 18th. Oppenheimer lowered their target price on shares of U.S. Bancorp from $61.00 to $55.00 and set an outperform rating on the stock in a report on Tuesday, March 19th. Robert W. Baird downgraded shares of U.S. Bancorp from an outperform rating to a neutral rating and set a $52.00 target price on the stock. in a report on Friday, December 15th. The Goldman Sachs Group upped their price objective on shares of U.S. Bancorp from $37.00 to $42.00 and gave the company a neutral rating in a report on Tuesday, December 19th. Finally, Barclays upped their price objective on shares of U.S. Bancorp from $48.00 to $56.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $46.65.

U.S. Bancorp Price Performance

NYSE USB opened at $43.03 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The company has a market capitalization of $67.05 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The firm’s 50 day moving average is $42.22 and its 200-day moving average is $39.27.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. Equities research analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.55%. U.S. Bancorp’s dividend payout ratio is 59.76%.

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders sold 60,265 shares of company stock valued at $2,535,903 over the last quarter. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USB. BCK Partners Inc. acquired a new position in shares of U.S. Bancorp in the first quarter valued at approximately $2,514,000. Acadian Asset Management LLC increased its position in U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 276 shares during the period. Vontobel Holding Ltd. increased its position in U.S. Bancorp by 20.8% during the 1st quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 3,663 shares during the period. Prudential PLC acquired a new stake in U.S. Bancorp during the 1st quarter valued at approximately $1,731,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of U.S. Bancorp by 5.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock worth $4,573,000 after buying an additional 4,827 shares in the last quarter. 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.