U.S. Bancorp (NYSE:USB) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of U.S. Bancorp (NYSE:USBFree Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities analysts also recently commented on the stock. Robert W. Baird downgraded shares of U.S. Bancorp from an outperform rating to a neutral rating and set a $52.00 price objective for the company. in a research note on Friday, December 15th. Morgan Stanley increased their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the stock an equal weight rating in a report on Tuesday, January 30th. Royal Bank of Canada upped their target price on U.S. Bancorp from $43.00 to $47.00 and gave the company an outperform rating in a report on Thursday, January 18th. TheStreet upgraded shares of U.S. Bancorp from a c+ rating to a b- rating in a report on Tuesday, December 26th. Finally, Odeon Capital Group upgraded shares of U.S. Bancorp from a hold rating to a buy rating and set a $48.93 price objective for the company in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $45.35.

Check Out Our Latest Analysis on USB

U.S. Bancorp Stock Up 2.2 %

USB opened at $41.07 on Friday. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $49.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The business’s 50-day moving average price is $42.21 and its 200-day moving average price is $37.79. The company has a market cap of $63.95 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.04 and a beta of 1.04.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. The business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, equities analysts expect that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.49 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.77%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s dividend payout ratio is presently 59.76%.

Insider Activity at U.S. Bancorp

In other news, insider Shailesh M. Kotwal sold 2,046 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $40.34, for a total value of $82,535.64. Following the sale, the insider now directly owns 112,722 shares of the company’s stock, valued at $4,547,205.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Terrance R. Dolan sold 22,756 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.04, for a total transaction of $1,024,930.24. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,496,389.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shailesh M. Kotwal sold 2,046 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.34, for a total value of $82,535.64. Following the completion of the transaction, the insider now directly owns 112,722 shares of the company’s stock, valued at approximately $4,547,205.48. The disclosure for this sale can be found here. Insiders sold a total of 66,439 shares of company stock valued at $2,865,224 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after acquiring an additional 6,479,642 shares during the period. BlackRock Inc. grew its stake in shares of U.S. Bancorp by 6.0% during the 2nd quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock valued at $3,657,692,000 after purchasing an additional 6,307,085 shares during the period. Mufg Bank LTD. increased its position in shares of U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. State Street Corp lifted its stake in shares of U.S. Bancorp by 4.0% in the 2nd quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock worth $2,026,405,000 after purchasing an additional 2,300,777 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after buying an additional 60,227,825 shares during the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Bancorp

(Get Free Report)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

Further Reading

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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