November 28, 2016 - By Adrian Mccoy
U.S. Bancorp (NYSE:USB)‘s rating was upped by research professionals at Jefferies & Co from a Hold rating to a Buy rating in a an analyst note published on Monday morning.
Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 6 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 29% are positive. $52 is the highest target while $19.0 is the lowest. The $45.93 average target is -6.48% below today’s ($49.11) stock price. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, January 14 report. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Wednesday, November 16 by PiperJaffray. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, October 7. The rating was upgraded by Atlantic Securities on Monday, March 14 to “Overweight”. On Wednesday, November 16 the stock rating was downgraded by Piper Jaffray to “Neutral”. The company was upgraded on Friday, August 28 by Guggenheim. As per Wednesday, August 12, the company rating was maintained by Deutsche Bank. The stock of U.S. Bancorp (NYSE:USB) earned “Neutral” rating by JP Morgan on Thursday, April 7. The stock has “Buy” rating given by Deutsche Bank on Tuesday, September 8. The firm has “Neutral” rating given on Thursday, April 21 by Robert W. Baird.
About 2.88 million shares traded hands. U.S. Bancorp (NYSE:USB) has risen 14.80% since April 25, 2016 and is uptrending. It has outperformed by 8.78% the S&P500.
Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 20. They expect $0.81 EPS, up 2.53% or $0.02 from last year’s $0.79 per share. USB’s profit will be $1.38B for 15.16 P/E if the $0.81 EPS becomes a reality. After $0.84 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.02, from 0.99 in 2016Q1. The ratio dropped, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. 61 funds bought stakes while 401 increased positions. They now own 1.22 billion shares or 0.34% less from 1.23 billion shares in 2016Q1.
Cleararc Capital Inc last reported 0.31% of its portfolio in the stock. Sns Fincl Gru Ltd Com has 1.28% invested in the company for 126,332 shares. Babson Cap Ltd Com has invested 0.07% of its portfolio in U.S. Bancorp (NYSE:USB). Diam has invested 0.1% of its portfolio in U.S. Bancorp (NYSE:USB). Boston Ptnrs last reported 0.03% of its portfolio in the stock. Natixis Asset Management last reported 7,943 shares in the company. Reik & Ltd Liability Co, a New York-based fund reported 769,339 shares. River Road Asset Mgmt Limited Co has invested 1.86% of its portfolio in U.S. Bancorp (NYSE:USB). Mariner Wealth Advsr Limited Liability Company last reported 0.03% of its portfolio in the stock. The Tennessee-based Barnett Com has invested 0.12% in U.S. Bancorp (NYSE:USB). Forward Mgmt Limited Liability Com accumulated 0.11% or 32,960 shares. Macguire Cheswick And Tuttle Investment Counsel Limited Liability owns 67,727 shares or 0.61% of their US portfolio. Fiera Corporation last reported 1.42% of its portfolio in the stock. Jag Cap Ltd Company last reported 9,885 shares in the company. South Dakota Council, a South Dakota-based fund reported 1.80 million shares.
Insider Transactions: Since July 21, 2016, the stock had 0 buys, and 20 selling transactions for $86.97 million net activity. 2,700 U.S. Bancorp (NYSE:USB) shares with value of $119,340 were sold by DOLAN TERRANCE R. von Gillern Jeffry H. had sold 102,961 shares worth $4.32M on Friday, July 22. CECERE ANDREW had sold 416,219 shares worth $18.67M. On Friday, August 5 the insider KIRTLEY OLIVIA F sold $62,333. Stone Kent V. had sold 29,947 shares worth $1.26 million. 500 shares were sold by Gifford Craig E, worth $22,485. Elmore John R. had sold 40,000 shares worth $1.75M on Tuesday, October 25.
U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.59 billion. The Company’s banking subsidiary, U.S. It has a 15.22 P/E ratio. Bank National Association, is engaged in the general banking business in domestic markets.
According to Zacks Investment Research, “U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.”
U.S. Bancorp, incorporated on April 2, 1929, is a multi-state financial services holding company. The Firm operates through its banking subsidiary, U.S. Bank National Association, which is engaged in the general banking business in domestic markets. The Firm provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.
Another recent and important U.S. Bancorp (NYSE:USB) news was published by Forbes.com which published an article titled: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016.
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By Adrian Mccoy