U.S. Bancorp (NYSE:USB) Cut to Sell at StockNews.com

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

Other equities analysts have also recently issued research reports about the stock. Stephens cut shares of U.S. Bancorp from an overweight rating to an equal weight rating in a research note on Wednesday, December 20th. UBS Group boosted their target price on U.S. Bancorp from $35.00 to $48.00 and gave the stock a neutral rating in a report on Wednesday, January 17th. Morgan Stanley increased their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an equal weight rating in a research note on Tuesday, January 30th. TheStreet raised U.S. Bancorp from a c+ rating to a b- rating in a research note on Tuesday, December 26th. Finally, The Goldman Sachs Group boosted their price target on shares of U.S. Bancorp from $37.00 to $42.00 and gave the stock a neutral rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, U.S. Bancorp has a consensus rating of Hold and an average price target of $45.35.

View Our Latest Stock Report on U.S. Bancorp

U.S. Bancorp Price Performance

NYSE USB opened at $41.07 on Friday. The company has a 50-day moving average price of $42.21 and a two-hundred day moving average price of $37.79. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $49.29. The stock has a market cap of $63.95 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. During the same period last year, the firm earned $1.20 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Analysts forecast that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Increases Dividend

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

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Terrance R. Dolan sold 22,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $45.04, for a total transaction of $1,024,930.24. Following the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,496,389.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The disclosure for this sale can be found here. Insiders sold 66,439 shares of company stock valued at $2,865,224 over the last three months. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

A number of large investors have recently bought and sold shares of USB. Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after purchasing an additional 6,479,642 shares during the last quarter. BlackRock Inc. increased its stake in shares of U.S. Bancorp by 6.0% in the second quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock worth $3,657,692,000 after purchasing an additional 6,307,085 shares during the period. Mufg Bank LTD. lifted 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 worth $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. State Street Corp boosted its stake in U.S. Bancorp by 4.0% during the 2nd quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock valued at $2,026,405,000 after purchasing an additional 2,300,777 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $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 institutional investors.

U.S. Bancorp Company Profile

(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)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.