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Principale » Trending Stock Analysis Report: US Bancorp (NYSE:USB)

Trending Stock Analysis Report: US Bancorp (NYSE:USB)

20 Juillet 2017

Barnett & Company Inc.'s holdings in U.S. Bancorp were worth $235,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Cap Advisers Ltd Llc has invested 0.07% in U.S. Bancorp (NYSE:USB).

U.S. Bancorp (NYSE:USB) opened its previous trading session at $52.07 later Inclining 0.87% to close its trade at a share price of $52.08. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider's stock worth $1,368,451,000 after buying an additional 9,150,126 shares during the last quarter.

U.S. Bancorp (NYSE:USB) early Wednesday posted slightly better than expected second quarter earnings results, driven by solid interest income and loan growth. Finally, Signature Estate & Investment Advisors LLC bought a new stake in U.S. Bancorp during the first quarter valued at $155,000. Legal & General Group Plc now owns 8,251,609 shares of the financial services provider's stock worth $424,985,000 after buying an additional 231,478 shares during the last quarter. Following the completion of the sale, the insider now owns 73,857 shares of the company's stock, valued at approximately $3,738,641.34.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 19th. U.S. Bancorp has a 52 week low of $41.12 and a 52 week high of $56.61. The stock has a market capitalization of $87.01 billion, a price-to-earnings ratio of 15.64 and a beta of 0.86. The stock has a 50 day moving average of $51.68 and a 200-day moving average of $52.36.

Barnett & Company Inc. reduced its position in shares of U.S. Bancorp (NYSE:USB) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. Inverness Counsel Ltd Com has invested 2.28% of its portfolio in U.S. Bancorp (NYSE:USB). The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion.

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The company also recently announced a dividend that was paid on Monday the 17th of July 2017. Investors of record on Friday, June 30th were paid a dividend of $0.28 per share. The latest reports which are outstanding on Wednesday 19th of July state 2 analysts have a rating of "strong buy", 4 analysts "buy", 23 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell". The ex-dividend date was set for Wednesday the 28th of June 2017. U.S. Bancorp's dividend payout ratio is presently 33.84%.

U.S. Bancorp declared that its Board of Directors has approved a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $2.60 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

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A number of research analysts recently weighed in on USB shares. BidaskClub lowered U.S. Bancorp from a "buy" rating to a "hold" rating in a report on Sunday. Jefferies Group LLC reissued a "buy" rating and issued a $59.00 price objective on shares of U.S. Bancorp in a research note on Friday, June 9th. On Thursday, April 20 the stock rating was downgraded by Rafferty to "Hold". Royal Bank Of Canada reissued a buy rating and issued a $55.00 price target on shares of U.S. Bancorp in a report on Tuesday, April 4th. They now have a $53.00 price target on the stock.

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 25,746 shares of the company's stock in a transaction on Friday, April 21st. The stock was sold at an average price of $52.18, for a total value of $740,538.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11,650 U.S. Bancorp (NYSE:USB) shares with value of $612,091 were sold by OMALEY DAVID B. Another trade for 29,449 shares valued at $1.53M was made by Parker P.W. on Tuesday, May 16. The shares were sold at an average price of $51.94, for a total transaction of $1,529,581.06. Following the transaction, the insider now directly owns 307,698 shares in the company, valued at approximately $15,981,834.12. The disclosure for this sale can be found here. The insider Stone Kent V. sold 14,009 shares worth $743,177. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions.