U.S. Bancorp (NYSE:USB) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of U.S. Bancorp (NYSE:USB - Free Report) from a hold rating to a sell rating in a research report released on Saturday.

A number of other equities analysts have also recently commented on USB. Wells Fargo & Company reduced their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Royal Bank of Canada reduced their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Raymond James restated an "outperform" rating and issued a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Bank of America cut their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, DA Davidson decreased their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.72.

U.S. Bancorp Trading Up 0.9%

Shares of U.S. Bancorp stock traded up $0.39 during trading on Friday, hitting $45.26. 5,792,465 shares of the company were exchanged, compared to its average volume of 9,041,031. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $70.51 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The firm's fifty day moving average price is $41.31 and its 200 day moving average price is $45.27. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the business posted $0.78 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in USB. eCIO Inc. bought a new stake in shares of U.S. Bancorp in the first quarter worth $47,000. Modern Wealth Management LLC lifted its holdings in U.S. Bancorp by 6.9% during the 1st quarter. Modern Wealth Management LLC now owns 19,247 shares of the financial services provider's stock worth $813,000 after buying an additional 1,242 shares during the period. Silicon Valley Capital Partners grew its position in shares of U.S. Bancorp by 25.7% in the 1st quarter. Silicon Valley Capital Partners now owns 273,301 shares of the financial services provider's stock valued at $11,550,000 after buying an additional 55,824 shares during the last quarter. Strs Ohio acquired a new stake in shares of U.S. Bancorp in the first quarter valued at about $24,488,000. Finally, Ellsworth Advisors LLC raised its position in shares of U.S. Bancorp by 1.9% during the first quarter. Ellsworth Advisors LLC now owns 125,062 shares of the financial services provider's stock worth $5,280,000 after acquiring an additional 2,343 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

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.