Rating Flow: US Bancorp (NYSE:USB) Hit With Upgrade by Jefferies, Time to Buy?

November 28, 2016 - By Richard Conner

Rating Flow:  US Bancorp (NYSE:USB) Hit With Upgrade by Jefferies, Time to Buy?

US Bancorp (NYSE:USB) Upgrade

US Bancorp (NYSE:USB) was boosted by Jefferies from a “Hold” rating to a “Buy” rating in a analysts report sent to investors and clients on Monday, 28 November.

U.S. Bancorp (NYSE:USB) Ratings Coverage

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 -6.61% below today’s ($49.18) stock price. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, April 7 by JP Morgan. The firm has “Outperform” rating given on Thursday, October 20 by RBC Capital Markets. The company was initiated on Thursday, August 20 by Sterne Agee CRT. As per Wednesday, January 13, the company rating was upgraded by Deutsche Bank. On Tuesday, November 24 the stock rating was initiated by Piper Jaffray with “Overweight”. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, April 26 report. Guggenheim upgraded U.S. Bancorp (NYSE:USB) on Friday, August 28 to “Buy” rating. The company was initiated on Friday, October 7 by Wedbush. The rating was downgraded by Stephens to “Equal-Weight” on Tuesday, March 8. RBC Capital Markets maintained the shares of USB in a report on Friday, January 22 with “Sector Perform” rating.

About 2.78M 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 earnings per share, up 2.53% or $0.02 from last year’s $0.79 per share. USB’s profit will be $1.38 billion for 15.18 P/E if the $0.81 EPS becomes a reality. After $0.84 actual earnings per share 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 2016 Q2. 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.

Parallax Volatility Advisers Lp accumulated 0% or 53,946 shares. Macquarie Grp Inc holds 0.06% or 728,054 shares in its portfolio. Moreover, Cambridge has 2.11% invested in U.S. Bancorp (NYSE:USB) for 682,071 shares. Putnam Invs Limited Liability, a Massachusetts-based fund reported 217,313 shares. Andra Ap has 0.25% invested in the company for 244,800 shares. Pictet Cie (Europe) Sa has 0.17% invested in the company for 20,130 shares. Aperio Group Inc Ltd Liability Corp last reported 870,600 shares in the company. Naples Global Advisors Ltd Llc holds 0.48% of its portfolio in U.S. Bancorp (NYSE:USB) for 29,148 shares. Sterneck Capital Ltd Company last reported 5,500 shares in the company. The Japan-based Dai Ichi Life Ins Limited has invested 0.25% in U.S. Bancorp (NYSE:USB). Tower Bridge Advisors reported 5,518 shares or 0% of all its holdings. Suffolk Capital Mgmt Ltd Liability Company reported 5,215 shares or 0.03% of all its holdings. Ironwood Financial Lc has 229 shares for 0.01% of their US portfolio. Allianz Asset Mngmt Ag holds 1.43M shares or 0.03% of its portfolio. Citigroup holds 1.20 million shares or 0.05% of its portfolio.

Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 20 sales for $86.97 million net activity. $119,340 worth of U.S. Bancorp (NYSE:USB) was sold by DOLAN TERRANCE R on Thursday, November 3. On Thursday, October 27 CARLSON JENNIE P sold $10.29 million worth of the stock or 229,009 shares. SCHNUCK CRAIG D sold 16,544 shares worth $728,101. Another trade for 102,961 shares valued at $4.32 million was sold by von Gillern Jeffry H.. Another trade for 1,454 shares valued at $62,333 was sold by KIRTLEY OLIVIA F. The insider Gifford Craig E sold $22,485. $18.67 million worth of U.S. Bancorp (NYSE:USB) was sold by CECERE ANDREW.

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.71 billion. The Company’s banking subsidiary, U.S. It has a 15.24 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.”

USB Company Profile

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.

More news for U.S. Bancorp (NYSE:USB) were recently published by: Nasdaq.com, which released: “Buy U.S. Bancorp (USB) Stock on Any Near-Term Pullback” on November 28, 2016. Forbes.com‘s article titled: “U.S. Bancorp Reaches Analyst Target Price” and published on November 10, 2016 is yet another important article.

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