U.S. Bancorp (NYSE:USB) Given New $46.00 Price Target at The Goldman Sachs Group

U.S. Bancorp (NYSE:USB) had its price objective lifted by investment analysts at The Goldman Sachs Group from $41.00 to $46.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 1.65% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. TD Cowen started coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They issued a “buy” rating and a $60.00 price objective for the company. Morgan Stanley dropped their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Citigroup dropped their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 24th. Barclays cut their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their target price on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.72.

U.S. Bancorp Stock Up 0.9%

NYSE:USB traded up $0.39 on Tuesday, hitting $45.26. The stock had a trading volume of 1,935,053 shares, compared to its average volume of 9,032,480. The company has a market cap of $70.51 billion, a PE ratio of 11.94, a P/E/G ratio of 1.73 and a beta of 0.99. The business’s fifty day moving average is $41.18 and its 200 day moving average is $45.27. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the firm earned $0.78 EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.23% of the company’s stock.

Institutional Trading of U.S. Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP grew its position in shares of U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock worth $392,000 after buying an additional 210 shares in the last quarter. Covestor Ltd boosted its holdings in U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 214 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in shares of U.S. Bancorp by 2.3% during the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock worth $495,000 after acquiring an additional 231 shares during the last quarter. CoreCap Advisors LLC boosted its stake in U.S. Bancorp by 36.6% in the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 242 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its stake in U.S. Bancorp by 5.1% during the 4th quarter. Transcend Capital Advisors LLC now owns 5,196 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 252 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

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.