Traders Sell U.S. Bancorp (USB) on Strength (USB)
Traders sold shares of U.S. Bancorp (NYSE:USB) on strength during trading hours on Tuesday. $23.66 million flowed into the stock on the tick-up and $36.71 million flowed out of the stock on the tick-down, for a money net flow of $13.05 million out of the stock. Of all stocks tracked, U.S. Bancorp had the 0th highest net out-flow for the day. U.S. Bancorp traded up $0.04 for the day and closed at $43.02
USB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on U.S. Bancorp from $45.00 to $43.00 and set a “market perform” rating for the company in a research note on Tuesday, July 5th. Piper Jaffray Cos. restated an “overweight” rating and set a $47.00 target price (up previously from $46.00) on shares of U.S. Bancorp in a report on Tuesday, July 19th. Credit Suisse Group AG restated a “hold” rating on shares of U.S. Bancorp in a report on Tuesday, July 12th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Deutsche Bank AG restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, June 15th. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.42.
The stock’s 50 day moving average price is $41.47 and its 200 day moving average price is $41.13. The stock has a market cap of $73.63 billion and a price-to-earnings ratio of 13.49.
U.S. Bancorp (NYSE:USB) last issued its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm earned $5.45 billion during the quarter. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post $3.25 earnings per share for the current year.
In other U.S. Bancorp news, EVP Craig E. Gifford sold 2,500 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $41.87, for a total value of $104,675.00. Following the completion of the transaction, the executive vice president now owns 49,881 shares of the company’s stock, valued at approximately $2,088,517.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $42.00, for a total value of $4,324,362.00. Following the completion of the transaction, the insider now directly owns 178,422 shares of the company’s stock, valued at approximately $7,493,724. The disclosure for this sale can be found here.
Other large investors recently added to or reduced their stakes in the company. BOKF NA raised its stake in U.S. Bancorp by 4.2% in the fourth quarter. BOKF NA now owns 275,355 shares of the financial services provider’s stock worth $11,750,000 after buying an additional 11,124 shares during the period. Principal Financial Group Inc. raised its stake in U.S. Bancorp by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 2,154,222 shares of the financial services provider’s stock worth $91,921,000 after buying an additional 27,293 shares during the period. Aberdeen Asset Management PLC UK raised its stake in U.S. Bancorp by 6.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 956,465 shares of the financial services provider’s stock worth $40,019,000 after buying an additional 57,131 shares during the period. Mandatum Life Insurance Co Ltd bought a new stake in U.S. Bancorp during the fourth quarter worth approximately $2,898,000. Finally, Ashfield Capital Partners LLC raised its stake in U.S. Bancorp by 1.2% in the fourth quarter. Ashfield Capital Partners LLC now owns 46,444 shares of the financial services provider’s stock worth $1,982,000 after buying an additional 539 shares during the period.
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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