U.S. Bancorp (NYSE:USB) – Analysts at Oppenheimer Holdings dropped their Q3 2016 earnings per share (EPS) estimates for U.S. Bancorp in a research note issued to investors on Friday. Oppenheimer Holdings analyst B. Chittenden now expects that the brokerage will earn $0.82 per share for the quarter, down from their prior forecast of $0.83. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for U.S. Bancorp’s Q4 2016 earnings at $0.80 EPS and FY2017 earnings at $3.29 EPS.

A number of other brokerages also recently issued reports on USB. Nomura reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Sunday, June 26th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.18.

Shares of U.S. Bancorp (NYSE:USB) opened at 43.02 on Monday. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $44.58. The firm has a market cap of $73.63 billion, a P/E ratio of 13.49 and a beta of 0.72. The firm’s 50-day moving average is $43.19 and its 200-day moving average is $41.82.

U.S. Bancorp (NYSE:USB) last released its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The business earned $5.45 billion during the quarter. U.S. Bancorp had a net margin of 26.56% and a return on equity of 14.05%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, September 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 2.60%. U.S. Bancorp’s payout ratio is currently 31.88%.

In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 178,422 shares of the company’s stock, valued at $7,493,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig E. Gifford sold 2,500 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 49,881 shares in the company, valued at $2,088,517.47. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. increased its position in shares of U.S. Bancorp by 12.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,440,460 shares of the financial services provider’s stock worth $58,092,000 after buying an additional 163,847 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of U.S. Bancorp by 16.3% in the first quarter. Atlanta Capital Management Co. L L C now owns 672,700 shares of the financial services provider’s stock worth $27,305,000 after buying an additional 94,316 shares during the last quarter. Legal & General Group Plc increased its position in shares of U.S. Bancorp by 1.1% in the first quarter. Legal & General Group Plc now owns 7,907,393 shares of the financial services provider’s stock worth $320,981,000 after buying an additional 82,481 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of U.S. Bancorp by 0.9% in the second quarter. Glenmede Trust Co. NA now owns 1,442,278 shares of the financial services provider’s stock worth $58,166,000 after buying an additional 12,222 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in shares of U.S. Bancorp during the second quarter worth about $389,000. 72.63% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Bancorp

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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