Rating Reporting: Will Jefferies Upgrade Harm U.S. Bancorp (NYSE:USB) Stock Price Today?

November 28, 2016 - By Dolores Ford

Rating Reporting:  Will Jefferies Upgrade Harm U.S. Bancorp (NYSE:USB) Stock Price Today?

U.S. Bancorp (NYSE:USB) Upgrade

U.S. Bancorp (NYSE:USB)‘s stock was upgraded to “Buy” by equity research analysts at Jefferies. USB’s “Hold” rating is no longer valid.

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 -6.53% below today’s ($49.14) stock price. U.S. Bancorp has been the topic of 39 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Wednesday, January 13. The rating was downgraded by Guggenheim to “Neutral” on Wednesday, April 6. The rating was upgraded by Atlantic Securities on Monday, March 14 to “Overweight”. The company was upgraded on Thursday, January 14 by Robert W. Baird. As per Tuesday, April 26, the company rating was downgraded by Deutsche Bank. Robert W. Baird downgraded U.S. Bancorp (NYSE:USB) on Thursday, April 21 to “Neutral” rating. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, November 14 report. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, October 20. The stock of U.S. Bancorp (NYSE:USB) earned “Neutral” rating by JP Morgan on Thursday, April 7. As per Wednesday, November 16, the company rating was downgraded by Piper Jaffray.

About 1.46 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 earnings per share, up 2.53% or $0.02 from last year’s $0.79 per share. USB’s profit will be $1.38B for 15.17 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 turned negative, 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.

Woodmont Counsel Ltd Liability Company reported 9,047 shares or 0.11% of all its holdings. Horrell Cap Management has 55,995 shares for 1.41% of their US portfolio. Amg National Tru Bancorporation accumulated 0.34% or 93,489 shares. Kidder Stephen W has 8,837 shares for 0.14% of their US portfolio. Argent Trust holds 50,843 shares or 0.64% of its portfolio. Cypress Asset Tx accumulated 0.12% or 14,600 shares. Yacktman Asset Management Ltd Partnership owns 7.02M shares or 2.34% of their US portfolio. Suntrust Banks Inc last reported 367,085 shares in the company. Champlain Investment Partners Ltd Liability owns 9,000 shares or 0.01% of their US portfolio. Gw Henssler & Associate Ltd owns 271,735 shares or 1.26% of their US portfolio. Fic holds 15,380 shares or 0.29% of its portfolio. Catawba Capital Management Va last reported 0.1% of its portfolio in the stock. Guyasuta Investment Advsrs holds 18,764 shares or 0.1% of its portfolio. Primecap Mngmt Ca accumulated 0.21% or 4.98 million shares. Cipher Capital Limited Partnership has invested 0.1% of its portfolio in U.S. Bancorp (NYSE:USB).

Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 20 selling transactions for $86.97 million net activity. Another trade for 37,000 shares valued at $1.79M was sold by CARLSON JENNIE P. $801,391 worth of U.S. Bancorp (NYSE:USB) was sold by SCHNUCK CRAIG D. 750,000 shares were sold by DAVIS RICHARD K, worth $35.70M. Shares for $18.67 million were sold by CECERE ANDREW on Thursday, October 27. $62,333 worth of shares were sold by KIRTLEY OLIVIA F on Friday, August 5. COLLINS ARTHUR D JR sold $1.58 million worth of U.S. Bancorp (NYSE:USB) on Thursday, October 20. Gifford Craig E sold 2,500 shares worth $104,675.

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.64 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.”

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 recent U.S. Bancorp (NYSE:USB) news were published by: Forbes.com which released: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016. Also Nasdaq.com published the news titled: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” on November 16, 2016. Seekingalpha.com‘s news article titled: “Another downgrade for US Bancorp” with publication date: November 16, 2016 was also an interesting one.

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