Analysts Set U.S. Bancorp (USB) Price Target at $58.42
U.S. Bancorp (NYSE:USB) has received an average recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $58.74.
A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $56.00 price target on shares of U.S. Bancorp in a report on Thursday, April 5th. Morgan Stanley upped their price target on shares of U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. JPMorgan Chase cut shares of U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price target for the company. in a report on Wednesday, January 31st. Finally, Barclays upped their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd.
USB stock opened at $50.43 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 52-week low of $49.03 and a 52-week high of $58.50. The stock has a market cap of $83,751.43, a price-to-earnings ratio of 14.75, a PEG ratio of 1.67 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, March 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 28th. U.S. Bancorp’s dividend payout ratio is currently 35.09%.
In related news, EVP Craig E. Gifford sold 45,890 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $55.35, for a total value of $2,540,011.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Omaley sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $55.60, for a total transaction of $556,000.00. Following the completion of the transaction, the director now directly owns 231,682 shares of the company’s stock, valued at approximately $12,881,519.20. The disclosure for this sale can be found here. Insiders have sold 168,016 shares of company stock valued at $9,356,775 in the last ninety days. 0.43% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of USB. Virtue Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $102,000. Meeder Asset Management Inc. acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $106,000. Delpha Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $109,000. James Hambro & Partners acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $110,000. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of U.S. Bancorp during the third quarter worth approximately $112,000. 74.21% of the stock is owned by hedge funds and other institutional investors.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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