The stock of U.S. Bancorp (NYSE:USB) is a huge mover today! About 1.46 million shares traded hands. U.S. Bancorp (NYSE:USB) has risen 8.88% since March 9, 2016 and is uptrending. It has outperformed by 1.46% the S&P500.
The move comes after 8 months positive chart setup for the $73.40B company. It was reported on Oct, 12 by Barchart.com. We have $63.35 PT which if reached, will make NYSE:USB worth $33.76B more.
Analysts await U.S. Bancorp (NYSE:USB) to report earnings on October, 20. They expect $0.85 earnings per share, up 4.94% or $0.04 from last year’s $0.81 per share. USB’s profit will be $1.44 billion for 12.76 P/E if the $0.85 EPS becomes a reality. After $0.83 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 2.41% EPS growth.
U.S. Bancorp (NYSE:USB) Ratings Coverage
Out of 19 analysts covering U.S. Bancorp (NYSE:USB), 6 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 32% are positive. U.S. Bancorp has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, April 7 by JP Morgan. The stock of U.S. Bancorp (NYSE:USB) earned “Outperform” rating by Robert W. Baird on Thursday, January 14. The firm has “Neutral” rating by Sterne Agee CRT given on Thursday, August 20. The stock has “Buy” rating given by Deutsche Bank on Wednesday, January 13. The firm earned “Sector Perform” rating on Tuesday, August 25 by Portales Partners. The firm has “Equal-Weight” rating given on Tuesday, March 8 by Stephens. The stock of U.S. Bancorp (NYSE:USB) has “Neutral” rating given on Friday, October 7 by Wedbush. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 22. Deutsche Bank downgraded the shares of USB in a report on Tuesday, April 26 to “Hold” rating. The stock of U.S. Bancorp (NYSE:USB) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 7.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.16, from 1.15 in 2016Q1. The ratio worsened, as 60 funds sold all U.S. Bancorp shares owned while 406 reduced positions. 61 funds bought stakes while 401 increased positions. They now own 1.22 billion shares or 0.34% less from 1.23 billion shares in 2016Q1.
Douglass Winthrop Advsrs Limited Liability last reported 8,425 shares in the company. Philadelphia Tru holds 0.11% or 32,542 shares in its portfolio. Founders Financial Secs Limited Co reported 51,016 shares or 0.94% of all its holdings. Clearbridge Invs Llc reported 6.61M shares or 0.31% of all its holdings. Choate Invest Advsr accumulated 0% or 71,772 shares. Rockefeller Finance Svcs holds 0.02% of its portfolio in U.S. Bancorp (NYSE:USB) for 28,537 shares. Chicago Equity Prtnrs Lc last reported 0.01% of its portfolio in the stock. Moreover, Arcadia Inv Mngmt Mi has 0.01% invested in U.S. Bancorp (NYSE:USB) for 585 shares. Hikari Tsushin Incorporated has invested 0.27% of its portfolio in U.S. Bancorp (NYSE:USB). Inv Prns Ltd Oh Adv accumulated 0.25% or 6,196 shares. Fulton Retail Bank Na holds 12,634 shares or 0.05% of its portfolio. Doheny Asset Ca holds 0.33% of its portfolio in U.S. Bancorp (NYSE:USB) for 16,290 shares. Seaward Mngmt Partnership has 0.09% invested in the company for 42,000 shares. Goelzer Invest Mgmt owns 120,180 shares or 0.67% of their US portfolio. Grandfield And Dodd Llc, a New York-based fund reported 28,699 shares.
Insider Transactions: Since April 21, 2016, the stock had 0 insider purchases, and 13 sales for $66.17 million net activity. OWENS ODELL M also sold $478,989 worth of U.S. Bancorp (NYSE:USB) shares. On Wednesday, April 27 CECERE ANDREW sold $14.00 million worth of the stock or 321,691 shares. $62,333 worth of U.S. Bancorp (NYSE:USB) shares were sold by KIRTLEY OLIVIA F. von Gillern Jeffry H. had sold 102,961 shares worth $4.32M. CARLSON JENNIE P sold $1.35M worth of U.S. Bancorp (NYSE:USB) on Friday, April 22. Shares for $1.26M were sold by Stone Kent V.. The insider Gifford Craig E sold 2,500 shares worth $104,675.
More recent U.S. Bancorp (NYSE:USB) news were published by: Seekingalpha.com which released: “U.S. Bancorp: ROE Woes” on October 11, 2016. Also Wsj.com published the news titled: “US Bancorp Cuts Earnings Expectations” on September 15, 2016. Marketwatch.com‘s news article titled: “US Bancorp raises quarterly dividend by 9.8%” with publication date: September 19, 2016 was also an interesting one.
USB Company Profile
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.
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