Traders Buy Shares of U.S. Bancorp (USB) on Weakness

Investors bought shares of U.S. Bancorp (NYSE:USB) on weakness during trading hours on Tuesday. $53.85 million flowed into the stock on the tick-up and $29.79 million flowed out of the stock on the tick-down, for a money net flow of $24.06 million into the stock. Of all stocks tracked, U.S. Bancorp had the 20th highest net in-flow for the day. U.S. Bancorp traded down ($0.20) for the day and closed at $52.60

A number of research firms recently issued reports on USB. Barclays upped their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, January 17th. JPMorgan Chase & Co. cut shares of U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective on the stock. in a research report on Wednesday, January 31st. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of U.S. Bancorp to $61.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and an average target price of $58.64.

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The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $87,980.30, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.75 and a beta of 0.89.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. research analysts expect that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, March 28th. U.S. Bancorp’s payout ratio is presently 34.09%.

In other news, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.02, for a total value of $750,527.82. Following the transaction, the insider now directly owns 126,387 shares in the company, valued at $6,953,812.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Craig E. Gifford sold 45,890 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total transaction of $2,540,011.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,016 shares of company stock worth $9,356,775. Company insiders own 0.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of USB. Virtue Capital Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth about $102,000. Meeder Asset Management Inc. bought a new position in U.S. Bancorp during the 4th quarter worth about $106,000. Phocas Financial Corp. bought a new position in U.S. Bancorp during the 2nd quarter worth about $109,000. Delpha Capital Management LLC bought a new position in U.S. Bancorp during the 4th quarter worth about $109,000. Finally, James Hambro & Partners bought a new position in U.S. Bancorp during the 4th quarter worth about $110,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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