Investors Sell Shares of U.S. Bancorp (USB) on Strength (USB)
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.
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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