U.S. Bancorp (NYSE:USB) Stock Gets Price Target Trim from Citigroup

U.S. Bancorp (NYSE:USB) had its price objective decreased by Citigroup from $72.00 to $70.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the financial services provider’s stock.

A number of other brokerages have also recently commented on USB. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Morgan Stanley set a $68.00 price target on shares of U.S. Bancorp in a research report on Friday. Raymond James Financial dropped their price target on shares of U.S. Bancorp from $74.00 to $72.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 6th. CLSA set a $67.50 price objective on shares of U.S. Bancorp in a research report on Monday, July 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.43.

U.S. Bancorp Price Performance

NYSE USB opened at $58.69 on Friday. U.S. Bancorp has a 52 week low of $45.02 and a 52 week high of $66.07. The firm has a market capitalization of $91.44 billion, a P/E ratio of 11.44, a PEG ratio of 1.09 and a beta of 1.00. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $60.82 and a 200-day moving average price of $59.07.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. The firm had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $8 billion. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 EPS. Equities research analysts anticipate that U.S. Bancorp will post 5.28 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s payout ratio is presently 42.11%.

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was 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. This represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On U.S. Bancorp

Several institutional investors and hedge funds have recently modified their holdings of USB. Mufg Bank LTD. purchased a new stake in U.S. Bancorp during the second quarter valued at approximately $2,680,199,000. Auto Owners Insurance Co boosted its stake in U.S. Bancorp by 5,236.0% in the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock valued at $1,779,556,000 after acquiring an additional 32,725,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in U.S. Bancorp in the second quarter valued at approximately $536,457,000. First Trust Advisors LP grew its holdings in U.S. Bancorp by 39.9% in the first quarter. First Trust Advisors LP now owns 8,118,845 shares of the financial services provider’s stock worth $422,261,000 after purchasing an additional 2,314,081 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in U.S. Bancorp by 51.4% in the first quarter. SG Americas Securities LLC now owns 6,559,944 shares of the financial services provider’s stock worth $341,183,000 after purchasing an additional 2,227,285 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Q3 earnings beat expectations: U.S. Bancorp reported diluted EPS of $1.34, up from $1.22 a year earlier and above the $1.32 consensus estimate. Net income increased 10% to approximately $2.2 billion, supported by higher net interest income, loan growth and fee revenue. U.S. Bancorp Surpasses Q3 Earnings Estimates
• Positive Sentiment: Growth outlook improved: Management raised its full-year 2026 revenue outlook to $31.0 billion-$31.3 billion. Average loans rose 8% year over year, deposits increased 2.9%, and noninterest income climbed 13.1%, including a 69.3% increase in capital-markets revenue. U.S. Bancorp Lifts Full-Year Outlook After Record Quarter
• Positive Sentiment: Analysts remain constructive: D.A. Davidson maintained a Buy rating and a $73 price target, citing expected 6% net-interest-income growth in 2026. Citigroup also kept a Buy rating, with a revised $70 target, implying substantial upside based on the referenced share price. Why Is U.S. Bancorp Stock Gaining Friday?
• Neutral Sentiment: Revenue was slightly below some estimates: Third-quarter revenue was approximately $7.97 billion, near but modestly below analyst expectations. Expense control helped offset the shortfall and supported the earnings beat. U.S. Bancorp Q3 Results
• Negative Sentiment: Credit costs are rising: The provision for credit losses increased to $654 million from $571 million a year earlier, while early-stage card delinquencies also rose. Investors may view this as a potential offset to loan and revenue growth. U.S. Bancorp Credit and Consumer Trends

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company’s consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.