November 24, 2016 - By Richard Conner · 0 Comments
US Bancorp (NYSE:USB) institutional sentiment decreased to 0.97 in 2016 Q2. Its down -0.02, from 0.99 in 2016Q1. The ratio dropped, as 462 hedge funds started new or increased equity positions, while 466 sold and trimmed stock positions in US Bancorp. The hedge funds in our partner’s database now possess: 1.22 billion shares, down from 1.23 billion shares in 2016Q1. Also, the number of hedge funds holding US Bancorp in their top 10 equity positions decreased from 52 to 45 for a decrease of 7. Sold All: 60 Reduced: 406 Increased: 401 New Position: 61.
U.S. Bancorp is a multi-state financial services holding company. The company has a market cap of $83.45 billion. The Company’s banking subsidiary, U.S. It has a 15.29 P/E ratio. Bank National Association, is engaged in the general banking business in domestic markets.
The stock increased 0.65% or $0.32 on November 23, hitting $49.35. About 7.05M shares traded hands. U.S. Bancorp (NYSE:USB) has risen 13.97% since April 22, 2016 and is uptrending. It has outperformed by 8.56% the S&P500.
Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 20. They expect $0.81 earnings per share, up 2.53% or $0.02 from last year’s $0.79 per share. USB’s profit will be $1.37B for 15.23 P/E if the $0.81 EPS becomes a reality. After $0.84 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts -3.57% negative EPS growth.
According to Zacks Investment Research, “U.S. Bancorp is a financial services holding company. They operate full-service branch offices and ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.”
Spindletop Capital Llc holds 17.75% of its portfolio in U.S. Bancorp for 290,000 shares. Somerset Group Llc owns 283,285 shares or 11.96% of their US portfolio. Moreover, Reik & Co. Llc has 10.53% invested in the company for 769,339 shares. The Iowa-based United Fire Group Inc has invested 10.08% in the stock. Davis Capital Partners Llc, a California-based fund reported 900,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 20 insider sales for $86.97 million net activity.
Ratings analysis reveals 29% of U.S. Bancorp’s analysts are positive. Out of 21 Wall Street analysts rating U.S. Bancorp, 6 give it “Buy”, 1 “Sell” rating, while 14 recommend “Hold”. The lowest target is $19.0 while the high is $52. The stock’s average target of $45.93 is -6.93% below today’s ($49.35) share price. USB was included in 39 notes of analysts from August 6, 2015. The firm has “Overweight” rating by Atlantic Securities given on Monday, March 14. The company was maintained on Thursday, April 7 by JP Morgan. Piper Jaffray initiated the shares of USB in a report on Tuesday, November 24 with “Overweight” rating. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 19. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Deutsche Bank on Tuesday, April 26. Deutsche Bank upgraded U.S. Bancorp (NYSE:USB) rating on Wednesday, January 13. Deutsche Bank has “Buy” rating and $20.0 price target. The firm earned “Neutral” rating on Wednesday, April 6 by Guggenheim. The company was initiated on Tuesday, March 22 by Societe Generale. RBC Capital Markets maintained it with “Sector Perform” rating and $19.0 target price in Friday, January 22 report. The stock of U.S. Bancorp (NYSE:USB) earned “Neutral” rating by Robert W. Baird on Thursday, April 21.
U.S. Bancorp, incorporated on April 2, 1929, is a multi-state financial services holding company. The Firm operates through its banking subsidiary, U.S. Bank National Association, which is engaged in the general banking business in domestic markets. The Firm provides a 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 machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.
More news for U.S. Bancorp (NYSE:USB) were recently published by: Nasdaq.com, which released: “U.S. Bancorp (USB) Exhibits Organic Growth, Time to Hold?” on November 16, 2016. Forbes.com‘s article titled: “U.S. Bancorp Reaches Analyst Target Price” and published on November 10, 2016 is yet another important article.
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By Richard Conner