U.S. Bancorp (NYSE:USB) Price Target Increased to $54.00 by Analysts at Morgan Stanley

U.S. Bancorp (NYSE:USB) had its price target increased by stock analysts at Morgan Stanley from $47.00 to $54.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 18.42% from the company’s current price.

Other analysts have also issued reports about the stock. UBS Group increased their price target on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wells Fargo & Company raised their price objective on shares of U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Royal Bank of Canada raised their price objective on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. The Goldman Sachs Group lifted their price target on shares of U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Evercore ISI lifted their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.23.

U.S. Bancorp Trading Up 0.5 %

Shares of USB traded up $0.23 during midday trading on Tuesday, hitting $45.60. The stock had a trading volume of 755,440 shares, compared to its average volume of 8,503,808. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.88. The business has a 50-day simple moving average of $40.82 and a two-hundred day simple moving average of $41.53. The firm has a market cap of $71.16 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 4.39 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, equities analysts forecast that U.S. Bancorp will post 3.9 EPS for the current year.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were bought at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $449,900. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USB. Assenagon Asset Management S.A. increased its stake in U.S. Bancorp by 108.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 40,604 shares of the financial services provider’s stock worth $1,757,000 after purchasing an additional 499,485 shares in the last quarter. Mayflower Financial Advisors LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $243,000. Chicago Capital LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $237,000. Veracity Capital LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $223,000. Finally, Parsons Capital Management Inc. RI grew its stake in shares of U.S. Bancorp by 8.0% during the 4th quarter. Parsons Capital Management Inc. RI now owns 43,377 shares of the financial services provider’s stock worth $1,877,000 after acquiring an additional 3,196 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.