U.S. Bancorp’s (USB) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

U.S. Bancorp (NYSE:USB)‘s stock had its “market perform” rating restated by stock analysts at Keefe, Bruyette & Woods in a research note issued to investors on Thursday, MarketBeat reports. They currently have a $45.00 price target on the financial services provider’s stock, down from their previous price target of $52.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 14.59% from the company’s current price.

Several other brokerages have also commented on USB. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $49.00 in a report on Friday, March 22nd. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Morgan Stanley boosted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Oppenheimer decreased their price objective 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. Finally, Jefferies Financial Group lifted their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.09.

U.S. Bancorp Stock Performance

NYSE USB traded down $0.25 during mid-day trading on Thursday, reaching $39.27. 547,624 shares of the stock were exchanged, compared to its average volume of 8,670,997. The company has a market capitalization of $61.19 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day moving average is $42.33 and its 200-day moving average is $39.72. 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 posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the business’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 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 filing with the SEC, which is available at this hyperlink. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm’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 sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp 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 sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Institutional Trading of U.S. Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. purchased a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $30,000. Finally, Naples Money Management LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $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.