Traders Buy Shares of U.S. Bancorp (USB) on Weakness

Investors purchased shares of U.S. Bancorp (NYSE:USB) on weakness during trading on Friday. $97.62 million flowed into the stock on the tick-up and $55.24 million flowed out of the stock on the tick-down, for a money net flow of $42.38 million into the stock. Of all stocks tracked, U.S. Bancorp had the 21st highest net in-flow for the day. U.S. Bancorp traded down ($0.25) for the day and closed at $54.90

A number of brokerages recently issued reports on USB. Wells Fargo & Company began coverage on U.S. Bancorp in a report on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price target for the company. Bank of America downgraded U.S. Bancorp from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $59.00 price target on shares of U.S. Bancorp in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $54.20.

The firm has a market cap of $91,106.05, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. research analysts anticipate that U.S. Bancorp will post 3.43 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Hudock Capital Group LLC raised its position in U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 17 shares in the last quarter. BSW Wealth Partners raised its position in U.S. Bancorp by 0.6% in the second quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 22 shares in the last quarter. First National Bank of Hutchinson raised its position in U.S. Bancorp by 0.3% in the second quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 32 shares in the last quarter. D. Scott Neal Inc. raised its position in U.S. Bancorp by 0.5% in the second quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 36 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. raised its position in U.S. Bancorp by 0.5% in the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 74.25% of the company’s stock.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full 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 machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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