Barclays Trims U.S. Bancorp (NYSE:USB) Target Price to $52.00

U.S. Bancorp (NYSE:USB) had its target price cut by research analysts at Barclays from $56.00 to $52.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 30.78% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Jefferies Financial Group raised their price target on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods reaffirmed 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. Stephens downgraded U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Royal Bank of Canada boosted their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Evercore ISI increased their target price on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.86.

U.S. Bancorp Stock Performance

NYSE:USB traded up $0.24 during mid-day trading on Thursday, reaching $39.76. 2,320,728 shares of the stock were exchanged, compared to its average volume of 8,692,074. The company has a 50 day simple moving average of $42.33 and a 200-day simple moving average of $39.72. The stock has a market capitalization of $61.95 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.12 and a beta of 1.05. 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 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the business posted $1.16 EPS. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. 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 business’s stock in a transaction on 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 completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $26,000. Planned Solutions Inc. acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $27,000. Legacy Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth about $30,000. Finally, Naples Money Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth about $30,000. 77.60% of the stock is owned by institutional investors and hedge funds.

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.