Traders Sell U.S. Bancorp (USB) on Strength (USB)
Traders sold shares of U.S. Bancorp (NYSE:USB) on strength during trading hours on Thursday. $23.67 million flowed into the stock on the tick-up and $43.16 million flowed out of the stock on the tick-down, for a money net flow of $19.49 million out of the stock. Of all companies tracked, U.S. Bancorp had the 0th highest net out-flow for the day. U.S. Bancorp traded up $0.03 for the day and closed at $39.23
Several analysts recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of U.S. Bancorp in a report on Sunday, June 26th. JPMorgan Chase & Co. lowered their price target on U.S. Bancorp from $44.50 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 7th. Keefe, Bruyette & Woods decreased their price objective on shares of U.S. Bancorp from $45.00 to $43.00 and set a “market perform” rating for the company in a research report on Tuesday. Robert W. Baird upped their price objective on shares of U.S. Bancorp from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, March 28th. Finally, Atlantic Securities raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $46.00 price objective for the company in a research report on Monday, March 14th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.00.
The company has a market cap of $69.21 billion and a price-to-earnings ratio of 12.68. The company’s 50-day moving average price is $41.35 and its 200-day moving average price is $40.86.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts expect that U.S. Bancorp will post $3.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.02 annualized dividend and a dividend yield of 2.54%.
In other news, Vice Chairman Terrance R. Dolan sold 7,000 shares of U.S. Bancorp stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $43.05, for a total transaction of $301,350.00. Following the sale, the insider now directly owns 68,795 shares in the company, valued at approximately $2,961,624.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Andrew Cecere sold 321,691 shares of U.S. Bancorp stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $43.53, for a total transaction of $14,003,209.23. Following the sale, the chief operating officer now owns 856,974 shares in the company, valued at $37,304,078.22. The disclosure for this sale can be found here.
Other hedge funds have modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of U.S. Bancorp by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 92,732,849 shares of the financial services provider’s stock valued at $3,956,910,000 after buying an additional 1,547,219 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of U.S. Bancorp by 40.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 2,490,003 shares of the financial services provider’s stock valued at $106,248,000 after buying an additional 714,783 shares during the period. Bank of Montreal Can raised its stake in shares of U.S. Bancorp by 26.3% in the fourth quarter. Bank of Montreal Can now owns 2,395,540 shares of the financial services provider’s stock valued at $102,218,000 after buying an additional 498,421 shares during the period. Standard Life Investments LTD raised its stake in shares of U.S. Bancorp by 12.2% in the fourth quarter. Standard Life Investments LTD now owns 4,024,321 shares of the financial services provider’s stock valued at $171,657,000 after buying an additional 436,321 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at $12,490,000.
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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