Traders sold shares of U.S. Bancorp (NYSE:USB) on strength during trading hours on Friday. $23.73 million flowed into the stock on the tick-up and $68.69 million flowed out of the stock on the tick-down, for a money net flow of $44.96 million out of the stock. Of all stocks tracked, U.S. Bancorp had the 27th highest net out-flow for the day. U.S. Bancorp traded up $0.13 for the day and closed at $53.29

A number of equities research analysts have recently commented on the company. Susquehanna Bancshares set a $57.00 price objective on U.S. Bancorp and gave the company a “hold” rating in a research report on Monday, April 23rd. ValuEngine downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, May 11th. Wedbush reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Monday, July 23rd. Finally, Morgan Stanley lowered their price objective on U.S. Bancorp from $61.00 to $57.00 and set an “underweight” rating for the company in a research report on Thursday, April 19th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.58.

The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.83. The stock has a market cap of $86.50 billion, a PE ratio of 15.58, a PEG ratio of 1.74 and a beta of 0.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.01. U.S. Bancorp had a return on equity of 14.66% and a net margin of 26.96%. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. analysts anticipate that U.S. Bancorp will post 4.07 earnings per share for the current fiscal year.

In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of the business’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the completion of the sale, the insider now owns 98,371 shares of the company’s stock, valued at $5,086,764.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of U.S. Bancorp in the second quarter worth about $131,487,000. Bank of New York Mellon Corp lifted its stake in shares of U.S. Bancorp by 15.0% in the second quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock worth $793,710,000 after acquiring an additional 2,071,326 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in shares of U.S. Bancorp by 103.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,441,710 shares of the financial services provider’s stock worth $173,806,000 after acquiring an additional 1,751,500 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of U.S. Bancorp in the first quarter worth about $83,658,000. Finally, BTIM Corp. acquired a new position in shares of U.S. Bancorp in the second quarter worth about $78,408,000. 74.09% of the stock is owned by institutional investors.

About U.S. Bancorp (NYSE:USB)

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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