The Goldman Sachs Group Lowers U.S. Bancorp (NYSE:USB) Price Target to $45.00

U.S. Bancorp (NYSE:USB) had its price objective lowered by The Goldman Sachs Group from $51.00 to $45.00 in a research report report published on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Compass Point increased their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Morgan Stanley reduced their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.93.

U.S. Bancorp Trading Up 0.9 %

Shares of NYSE:USB opened at $42.64 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company has a market cap of $66.44 billion, a P/E ratio of 11.25, a PEG ratio of 1.73 and a beta of 1.02. The stock’s fifty day moving average price is $46.52 and its 200-day moving average price is $47.69.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.69%. U.S. Bancorp’s payout ratio is 52.77%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the transaction, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in U.S. Bancorp by 9.4% during the third quarter. Empowered Funds LLC now owns 27,618 shares of the financial services provider’s stock valued at $1,263,000 after purchasing an additional 2,375 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of U.S. Bancorp by 16.6% in the 3rd quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider’s stock valued at $18,348,000 after acquiring an additional 56,990 shares during the last quarter. Thrivent Financial for Lutherans grew its position in U.S. Bancorp by 10.8% in the third quarter. Thrivent Financial for Lutherans now owns 487,269 shares of the financial services provider’s stock worth $22,283,000 after acquiring an additional 47,585 shares in the last quarter. Pathstone Holdings LLC increased its stake in U.S. Bancorp by 0.8% during the third quarter. Pathstone Holdings LLC now owns 296,594 shares of the financial services provider’s stock worth $13,573,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Caprock Group LLC increased its stake in U.S. Bancorp by 3.6% during the third quarter. Caprock Group LLC now owns 46,366 shares of the financial services provider’s stock worth $2,144,000 after acquiring an additional 1,606 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

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.