U.S. Bancorp (NYSE:USB) Price Target Raised to $66.00

U.S. Bancorp (NYSE:USB) had its price target boosted by TD Cowen from $65.00 to $66.00 in a report released on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on USB. Wells Fargo & Company lifted their target price on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Oppenheimer lifted their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group set a $52.00 price objective on U.S. Bancorp and gave the company a “neutral” rating in a research report on Friday, October 17th. Barclays increased their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, Evercore ISI set a $60.00 price target on U.S. Bancorp in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.19.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $55.50 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.82 and a current ratio of 0.80. The firm has a market cap of $86.27 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. The business has a 50-day simple moving average of $52.57 and a two-hundred day simple moving average of $49.09. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $56.70.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s dividend payout ratio is 45.02%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $25,000. Guerra Advisors Inc bought a new stake in U.S. Bancorp in the 3rd quarter valued at $25,000. Financial Life Planners bought a new stake in U.S. Bancorp in the 3rd quarter valued at $25,000. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth $25,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 3rd quarter valued at about $26,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.