Traders Sell U.S. Bancorp (USB) on Strength (USB)

Investors sold shares of U.S. Bancorp (NYSE:USB) on strength during trading hours on Thursday. $26.00 million flowed into the stock on the tick-up and $54.22 million flowed out of the stock on the tick-down, for a money net flow of $28.22 million out of the stock. Of all equities tracked, U.S. Bancorp had the 16th highest net out-flow for the day. U.S. Bancorp traded up $0.16 for the day and closed at $51.15

Several research analysts have recently issued reports on USB shares. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $60.00 to $63.00 in a research note on Thursday, January 25th. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Friday, February 2nd. Vining Sparks reiterated a “buy” rating and issued a $61.00 target price on shares of U.S. Bancorp in a report on Friday, April 6th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, May 11th. Finally, Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.38.

The firm has a market capitalization of $83.96 billion, a PE ratio of 14.96, a P/E/G ratio of 1.68 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.75.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.53 billion. U.S. Bancorp had a return on equity of 14.20% and a net margin of 26.39%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. equities analysts forecast that U.S. Bancorp will post 4.05 EPS for the current year.

In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total transaction of $5,510,235.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Craig E. Gifford sold 45,890 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total value of $2,540,011.50. The disclosure for this sale can be found here. Insiders have sold a total of 168,016 shares of company stock worth $9,356,775 over the last 90 days. Company insiders own 0.43% of the company’s stock.

Several institutional investors have recently bought and sold shares of USB. Clearwater Capital Advisors LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth $100,000. Virtue Capital Management LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth $102,000. Meeder Asset Management Inc. bought a new position in shares of U.S. Bancorp in the 4th quarter worth $106,000. Delpha Capital Management LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth $109,000. Finally, James Hambro & Partners bought a new position in shares of U.S. Bancorp in the 4th quarter worth $110,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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