U.S. Bancorp (NYSE:USB) PT Raised to $46.00 at Jefferies Financial Group

U.S. Bancorp (NYSE:USB) had its target price lifted by investment analysts at Jefferies Financial Group from $44.00 to $46.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 4.69% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Barclays boosted their price objective on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada upped their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Odeon Capital Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price objective on the stock in a research note on Thursday, December 14th. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.30.

U.S. Bancorp Stock Performance

NYSE:USB opened at $43.94 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The company’s 50-day moving average price is $42.25 and its 200-day moving average price is $39.42. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The company has a market cap of $68.46 billion, a P/E ratio of 13.40, a P/E/G ratio of 2.23 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. On average, sell-side analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling

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 sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, 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 have sold a total of 60,265 shares of company stock valued at $2,535,903 over the last three months. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

A number of large investors have recently added to or reduced their stakes in USB. Cardinal Capital Management Inc. raised its stake in shares of U.S. Bancorp by 3.0% in the first quarter. Cardinal Capital Management Inc. now owns 38,031 shares of the financial services provider’s stock valued at $1,700,000 after purchasing an additional 1,090 shares in the last quarter. Ellenbecker Investment Group grew its holdings in shares of U.S. Bancorp by 5.1% during the first quarter. Ellenbecker Investment Group now owns 8,733 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 426 shares during the last quarter. Foster Group Inc. bought a new position in U.S. Bancorp in the first quarter valued at about $251,000. Massmutual Trust Co. FSB ADV boosted its holdings in U.S. Bancorp by 1.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 106,250 shares of the financial services provider’s stock valued at $4,749,000 after acquiring an additional 1,889 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in U.S. Bancorp by 16.2% during the first quarter. Rise Advisors LLC now owns 8,637 shares of the financial services provider’s stock worth $386,000 after buying an additional 1,202 shares during the last quarter. Institutional investors 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.