U.S. Bancorp (NYSE:USB) PT Lowered to $48.00

U.S. Bancorp (NYSE:USB) had its price target lowered by Wells Fargo & Company from $50.00 to $48.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 18.67% from the stock’s previous close.

Several other research analysts have also recently weighed in on USB. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday. StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. UBS Group upped their target price on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Oppenheimer dropped their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Stephens cut shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.68.

U.S. Bancorp Stock Performance

USB stock opened at $40.45 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The company has a 50 day moving average price of $42.32 and a 200 day moving average price of $39.78. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The stock has a market capitalization of $63.03 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company posted $1.16 EPS. U.S. Bancorp’s revenue was down 6.4% on a year-over-year basis. Analysts forecast that U.S. Bancorp will post 3.87 EPS for the current year.

Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the 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 transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of USB. Moneta Group Investment Advisors LLC raised its holdings in U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after acquiring an additional 60,227,825 shares during the period. Mufg Bank LTD. raised its holdings in U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after acquiring an additional 24,000,000 shares during the period. Norges Bank bought a new position in U.S. Bancorp in the 4th quarter valued at about $827,370,000. Aristotle Capital Management LLC raised its holdings in U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after acquiring an additional 17,066,479 shares during the period. Finally, Viking Global Investors LP bought a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $414,174,000. 77.60% of the stock is owned by institutional investors.

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.