UBS Group Trims U.S. Bancorp (NYSE:USB) Target Price to $43.00

U.S. Bancorp (NYSE:USB) had its price objective lowered by UBS Group from $47.00 to $43.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Compass Point raised shares of U.S. Bancorp from a neutral rating to a buy rating and increased their target price for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an overweight rating for the company in a report on Thursday, April 18th. TheStreet raised shares of U.S. Bancorp from a c+ rating to a b- rating in a report on Tuesday, December 26th. Morgan Stanley increased their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an equal weight rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada increased their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an outperform rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of Hold and an average target price of $46.14.

U.S. Bancorp Price Performance

Shares of USB opened at $41.05 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $63.96 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The firm has a 50-day simple moving average of $42.32 and a 200-day simple moving average of $39.96.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 earnings per share. On average, equities research analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Buying and Selling at U.S. Bancorp

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

Hedge Funds Weigh In On U.S. Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the 4th quarter worth $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter worth $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp in the 4th quarter worth $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp in the 3rd quarter worth $30,000. Finally, Naples Money Management LLC acquired a new position in U.S. Bancorp in the 4th quarter worth $30,000. Institutional investors and hedge funds 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.