Jefferies Financial Group Trims U.S. Bancorp (NYSE:USB) Target Price to $42.00

U.S. Bancorp (NYSE:USB) had its price target lowered by Jefferies Financial Group from $43.00 to $42.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 6.30% from the stock’s previous close.

Several other brokerages also recently weighed in on USB. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. UBS Group lowered their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a report on Thursday, May 16th. Oppenheimer lowered their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, Evercore ISI lifted their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $45.84.

U.S. Bancorp Trading Down 1.2 %

U.S. Bancorp stock opened at $39.51 on Wednesday. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The company has a market capitalization of $61.65 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04. The business’s fifty day simple moving average is $40.26 and its two-hundred day simple moving average is $41.60. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. As a group, equities analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U.S. Bancorp

A number of hedge funds have recently made changes to their positions in USB. Vanguard Group Inc. grew its holdings in U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in U.S. Bancorp by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after acquiring an additional 2,598,163 shares during the last quarter. Norges Bank purchased a new stake in U.S. Bancorp in the 4th quarter worth $827,370,000. Morgan Stanley boosted its holdings in shares of U.S. Bancorp by 4.3% during the 3rd quarter. Morgan Stanley now owns 18,129,558 shares of the financial services provider’s stock valued at $599,363,000 after purchasing an additional 751,865 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of U.S. Bancorp by 3.0% during the first quarter. Van ECK Associates Corp now owns 9,207,376 shares of the financial services provider’s stock valued at $411,570,000 after purchasing an additional 265,734 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

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.