U.S. Bancorp (NYSE:USB) Cut to Sell at Wall Street Zen

U.S. Bancorp (NYSE:USB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

A number of other brokerages have also recently commented on USB. Truist Financial reduced their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target for the company in a research report on Thursday, April 3rd. Royal Bank of Canada dropped their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. TD Cowen began coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price target for the company. Finally, Cowen began coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and an average target price of $50.89.

U.S. Bancorp Stock Performance

USB stock traded up $0.03 during midday trading on Friday, reaching $43.62. 6,159,479 shares of the company's stock traded hands, compared to its average volume of 9,088,061. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The stock has a market cap of $67.96 billion, a P/E ratio of 11.51, a PEG ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock's 50-day moving average is $41.00 and its 200 day moving average is $45.55.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the prior year, the company earned $0.78 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.23% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp bought a new position in U.S. Bancorp in the fourth quarter worth approximately $26,000. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp in the fourth quarter worth approximately $28,000. Saudi Central Bank bought a new position in U.S. Bancorp in the first quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp in the fourth quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management bought a new position in U.S. Bancorp in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

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.