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

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

USB has been the topic of a number of other reports. Oppenheimer dropped their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. UBS Group cut their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Evercore ISI increased their price target on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $47.00 price target on shares of U.S. Bancorp in a research report on Thursday, May 16th. Finally, Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $45.84.

U.S. Bancorp Stock Performance

Shares of USB traded down $0.44 during trading hours on Wednesday, reaching $39.53. 3,715,540 shares of the company traded hands, compared to its average volume of 8,376,438. The stock has a market capitalization of $61.68 billion, a P/E ratio of 13.09, a P/E/G 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. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The business has a fifty day moving average price of $40.30 and a 200-day moving average price of $41.62.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. Equities analysts anticipate that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Bancorp

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in U.S. Bancorp in the fourth quarter valued at $827,370,000. Vanguard Group Inc. lifted its stake in shares of U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after buying an additional 6,479,642 shares during the period. Boston Partners purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $154,517,000. Charles Schwab Investment Management Inc. raised its stake in U.S. Bancorp by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after purchasing an additional 2,598,163 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of U.S. Bancorp in the first quarter worth $92,192,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

About U.S. Bancorp

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.