November 30, 2016 - By Marie Mckinney
The financial firm have set TP of $50.0 on U.S. Bancorp (NYSE:USB) shares. This is 1.83% from the close price. In a note shared with investors on Wednesday morning, Wedbush reconfirmed their Neutral rating on shares of USB.
Out of 21 analysts covering U.S. Bancorp (NYSE:USB), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. $52 is the highest target while $19.0 is the lowest. The $45.93 average target is -6.46% below today’s ($49.1) stock price. U.S. Bancorp has been the topic of 40 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 20. Robert W. Baird upgraded the shares of USB in a report on Thursday, January 14 to “Outperform” rating. On Monday, November 28 the stock rating was upgraded by Jefferies to “Buy”. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Thursday, April 7 by JP Morgan. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, April 21. The rating was upgraded by Portales Partners on Tuesday, August 25 to “Sector Perform”. The firm has “Neutral” rating given on Wednesday, April 6 by Guggenheim. The stock of U.S. Bancorp (NYSE:USB) has “Hold” rating given on Wednesday, August 12 by Deutsche Bank. The firm has “Sector Perform” rating given on Friday, January 22 by RBC Capital Markets. PiperJaffray downgraded U.S. Bancorp (NYSE:USB) on Wednesday, November 16 to “Neutral” rating.
The stock closed at $49.1 during the last session. It is down 12.80% since April 27, 2016 and is uptrending. It has outperformed by 7.57% 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 worsened, 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.
Endeavour Advsr has invested 1.29% of its portfolio in U.S. Bancorp (NYSE:USB). Merriman Wealth Management Ltd Liability Company accumulated 1.78% or 156,247 shares. First Interstate Bank & Trust has invested 1.31% of its portfolio in U.S. Bancorp (NYSE:USB). Philadelphia Trust has 32,542 shares for 0.11% of their US portfolio. Canada Pension Plan Inv Board has 2.70M shares for 0.44% of their US portfolio. Willis Inv Counsel last reported 428,200 shares in the company. Ashfield Partners Ltd Limited Liability Company accumulated 0.15% or 46,322 shares. The Missouri-based Stifel Fin has invested 0.42% in U.S. Bancorp (NYSE:USB). Natixis Asset last reported 7,943 shares in the company. Cetera Advsr Llc has invested 0.07% of its portfolio in U.S. Bancorp (NYSE:USB). Pictet And Cie (Europe) last reported 0.17% of its portfolio in the stock. 1832 Asset Mngmt Limited Partnership has 0.09% invested in the company for 583,720 shares. Cadence Capital Management Ltd Liability Corp holds 224,952 shares or 0.68% of its portfolio. Banque Pictet Cie holds 0.48% of its portfolio in U.S. Bancorp (NYSE:USB) for 443,079 shares. Pictet Asset Management Ltd holds 0.16% of its portfolio in U.S. Bancorp (NYSE:USB) for 980,654 shares.
Insider Transactions: Since July 21, 2016, the stock had 0 insider purchases, and 20 sales for $86.97 million net activity. CARLSON JENNIE P sold $1.79 million worth of stock or 37,000 shares. 35,156 shares were sold by KIRTLEY OLIVIA F, worth $1.58 million on Thursday, October 27. DOLAN TERRANCE R also sold $210,150 worth of U.S. Bancorp (NYSE:USB) shares. Shares for $1.58M were sold by COLLINS ARTHUR D JR. Shares for $104,675 were sold by Gifford Craig E on Thursday, July 21. DAVIS RICHARD K also sold $35.70M worth of U.S. Bancorp (NYSE:USB) on Thursday, November 10. On Tuesday, November 15 the insider SCHNUCK CRAIG D sold $801,391.
U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.80 billion. The Company’s banking subsidiary, U.S. It has a 15.21 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.
More recent U.S. Bancorp (NYSE:USB) news were published by: Businesswire.com which released: “U.S. Bancorp to Speak at the Goldman Sachs US Financial Services Conference 2016” on November 29, 2016. Also Forbes.com published the news titled: “U.S. Bancorp Reaches Analyst Target Price” on November 10, 2016. Nasdaq.com‘s news article titled: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” with publication date: November 16, 2016 was also an interesting one.
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