Today’s Rating Change: Better Rating Was Given to U.S. Bancorp (NYSE:USB) By a Broker. Lost Hold Rating

November 28, 2016 - By Michael Collier

Today's Rating Change:  Better Rating Was Given to U.S. Bancorp (NYSE:USB) By a Broker. Lost Hold Rating

U.S. Bancorp (NYSE:USB) Upgrade

Jefferies gave U.S. Bancorp (NYSE:USB) shares a new Buy rating in a a report revealed to clients and investors on Monday, 28 November. This is raise from the old Hold rating.

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 -6.40% below today’s ($49.07) 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) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 7. The stock of U.S. Bancorp (NYSE:USB) has “Overweight” rating given on Tuesday, November 24 by Piper Jaffray. The firm earned “Buy” rating on Wednesday, January 13 by Deutsche Bank. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 19. On Friday, October 7 the stock rating was initiated by Wedbush with “Neutral”. Guggenheim downgraded the stock to “Neutral” rating in Wednesday, April 6 report. Atlantic Securities upgraded the stock to “Overweight” rating in Monday, March 14 report. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Societe Generale on Tuesday, March 22. The firm has “Equal-Weight” rating by Stephens given on Tuesday, March 8. On Wednesday, November 16 the stock rating was downgraded by PiperJaffray to “Neutral”.

About 1.09 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 $1.38 billion for 15.15 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.

The Illinois-based Crystal Rock Cap has invested 2.58% in U.S. Bancorp (NYSE:USB). Pitcairn Com has 29,860 shares for 0.15% of their US portfolio. Cardinal Capital Management Inc last reported 1.22% of its portfolio in the stock. Btim accumulated 0.77% or 1.12 million shares. Umb Bank N A Mo last reported 0.23% of its portfolio in the stock. The Tennessee-based Ftb Advsr Inc has invested 0.07% in U.S. Bancorp (NYSE:USB). Benjamin F Edwards &, a Missouri-based fund reported 18,978 shares. Ibm Retirement Fund has 214,791 shares for 0.32% of their US portfolio. The Georgia-based Stadion Money Mgmt Lc has invested 0.03% in U.S. Bancorp (NYSE:USB). Bristol John W & Company Incorporated accumulated 1.87 million shares or 2.13% of the stock. Atlanta Communication L L C reported 802,519 shares or 0.22% of all its holdings. Spindletop Cap Lc reported 290,000 shares or 17.75% of all its holdings. Connor Clark And Lunn Invest Management last reported 0% of its portfolio in the stock. Hikari Tsushin accumulated 27,200 shares or 0.27% of the stock. Moreover, Azimuth Cap Mngmt Llc has 0.05% invested in U.S. Bancorp (NYSE:USB) for 14,413 shares.

Insider Transactions: Since July 21, 2016, the stock had 0 insider 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. DAVIS RICHARD K sold $35.70M worth of stock. KIRTLEY OLIVIA F sold $62,333 worth of U.S. Bancorp (NYSE:USB) on Friday, August 5. Gifford Craig E sold $22,485 worth of stock. 29,947 U.S. Bancorp (NYSE:USB) shares with value of $1.26 million were sold by Stone Kent V.. $18.67M worth of U.S. Bancorp (NYSE:USB) was sold by CECERE ANDREW on Thursday, October 27. On Thursday, October 20 the insider COLLINS ARTHUR D JR sold $1.58M.

U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.52 billion. The Company’s banking subsidiary, U.S. It has a 15.2 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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