U.S. Bancorp (NYSE:USB) PT Lowered to $43.50 at JPMorgan Chase & Co.

U.S. Bancorp (NYSE:USBGet Free Report) had its price objective cut by JPMorgan Chase & Co. from $45.00 to $43.50 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.45% from the stock’s previous close.

Several other analysts have also recently issued reports on USB. UBS Group reduced their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Jefferies Financial Group raised their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Finally, Oppenheimer cut their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.02.

View Our Latest Stock Report on USB

U.S. Bancorp Price Performance

NYSE USB traded up $0.62 on Wednesday, hitting $41.25. The company had a trading volume of 4,251,546 shares, compared to its average volume of 8,603,454. The company has a market capitalization of $64.27 billion, a PE ratio of 13.66, a PEG ratio of 2.15 and a beta of 1.05. The company’s fifty day moving average price is $42.33 and its 200-day moving average price is $40.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. U.S. Bancorp’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, analysts predict that U.S. Bancorp will post 3.85 earnings per share for the current year.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth about $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth about $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp in the 4th quarter valued at about $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at about $30,000. Finally, Naples Money Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at about $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Bancorp

(Get Free Report)

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.

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Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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