Raymond James Financial Cuts U.S. Bancorp (NYSE:USB) Price Target to $72.00

Posted by Brian Himes on Oct 9th, 2026

U.S. Bancorp (NYSE:USB – Free Report) had its price objective decreased by Raymond James Financial from $74.00 to $72.00 in a research note issued to investors on Tuesday,Benzinga reports. Raymond James Financial currently has a strong-buy rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. Morgan Stanley raised their price target on U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Truist Financial dropped their price objective on U.S. Bancorp from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Barclays increased their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Stephens raised their target price on shares of U.S. Bancorp from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Finally, HSBC boosted their target price on shares of U.S. Bancorp from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.48.

Read Our Latest Research Report on USB

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $57.01 on Tuesday. The stock has a market capitalization of $88.83 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.03 and a beta of 1.00. The business has a 50-day moving average of $61.60 and a 200-day moving average of $58.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07.

U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, sell-side analysts predict that U.S. Bancorp will post 5.25 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.16 annualized dividend and a yield of 3.8%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s payout ratio is currently 43.11%.

Insider Activity at U.S. Bancorp

In other news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider owned 74,969 shares in the company, valued at $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at $26,585,960.94. The trade was a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of U.S. Bancorp by 0.8% in the fourth quarter. State Street Corp now owns 69,701,898 shares of the financial services provider’s stock valued at $3,755,083,000 after acquiring an additional 522,368 shares during the period. Mufg Bank LTD. acquired a new position in shares of U.S. Bancorp in the second quarter valued at about $2,680,199,000. Auto Owners Insurance Co increased its position in U.S. Bancorp by 5,236.0% during the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after acquiring an additional 32,725,000 shares during the period. Bank of America Corp DE increased its position in U.S. Bancorp by 6.9% during the first quarter. Bank of America Corp DE now owns 15,820,033 shares of the financial services provider’s stock worth $822,800,000 after acquiring an additional 1,022,898 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in U.S. Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock worth $539,232,000 after purchasing an additional 93,025 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

About U.S. Bancorp

(Get Free Report)

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.

Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning.