U.S. Bancorp (NYSE:USB) Downgraded to “Sell” at StockNews.com

U.S. Bancorp (NYSE:USB) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

USB has been the topic of several other reports. Wells Fargo & Company dropped their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group decreased their price target on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday. Evercore ISI increased their target price on U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Oppenheimer reduced their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.84.

U.S. Bancorp Trading Down 1.1 %

Shares of NYSE USB traded down $0.44 during mid-day trading on Wednesday, hitting $39.53. 3,715,540 shares of the company traded hands, compared to its average volume of 8,376,438. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85. The stock has a market capitalization of $61.68 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.82 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average of $40.30 and a two-hundred day moving average of $41.62.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the business posted $1.16 earnings per share. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On U.S. Bancorp

Large investors have recently added to or reduced their stakes in the stock. Scotia Capital Inc. grew its position in U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 990 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in U.S. Bancorp during the fourth quarter worth approximately $5,440,000. Spinnaker Trust acquired a new stake in U.S. Bancorp during the fourth quarter worth approximately $220,000. Morningstar Investment Management LLC boosted its holdings in shares of U.S. Bancorp by 760.8% in the 4th quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 74,094 shares in the last quarter. Finally, Tealwood Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 15,665 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.