UBS Group Forecasts Strong Price Appreciation for U.S. Bancorp (NYSE:USB) Stock

U.S. Bancorp (NYSE:USB) had its target price upped by analysts at UBS Group from $58.00 to $66.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price would suggest a potential upside of 5.05% from the stock’s previous close.

A number of other research firms also recently issued reports on USB. Stephens initiated coverage on shares of U.S. Bancorp in a research report on Monday, June 15th. They set an “equal weight” rating and a $63.00 target price on the stock. Oppenheimer reduced their price target on shares of U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Morgan Stanley lifted their price target on shares of 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. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.92.

U.S. Bancorp Trading Up 1.8%

NYSE USB opened at $62.83 on Tuesday. The business has a 50 day simple moving average of $56.57 and a 200 day simple moving average of $55.51. U.S. Bancorp has a one year low of $43.46 and a one year high of $63.05. The stock has a market capitalization of $97.46 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.07 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Research analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current year.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Financial Life Planners purchased a new stake in U.S. Bancorp in the 3rd quarter valued at $25,000. Clayton Financial Group LLC purchased a new position in U.S. Bancorp during the 4th quarter worth $25,000. Main Street Group LTD bought a new stake in shares of U.S. Bancorp in the 1st quarter worth $28,000. JPL Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth $28,000. Finally, Binnacle Investments Inc raised its holdings in shares of U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Key Headlines Impacting U.S. Bancorp

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

• Positive Sentiment: Jefferies upgraded U.S. Bancorp (USB) to Buy and raised its price target to $75, reflecting confidence in improving earnings leverage and fee-based growth. Article Title
• Positive Sentiment: Wells Fargo increased its price target on USB to $66 and reiterated an Overweight rating, signaling continued optimism on the stock. Article Title
• Positive Sentiment: U.S. Bank subsidiary Elavon announced a partnership with Wix to launch unified commerce solutions for small businesses, which could support payments growth and expand business activity for USB. Article Title
• Neutral Sentiment: JPMorgan raised its target on USB to $65 but kept an Underweight rating, reflecting mixed sentiment rather than a clear bullish turn. Article Title
• Neutral Sentiment: Seeking Alpha published a bullish earnings outlook piece on U.S. Bancorp, suggesting investors are focusing on potential Q2 strength, though it does not appear to be a fresh company announcement. Article Title
• Negative Sentiment: No major negative company-specific developments were reported in the latest articles, but JPMorgan’s Underweight stance shows not all analysts are fully bullish on USB.

U.S. Bancorp Company Profile

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.