Q2 2018 Earnings Forecast for US Bancorp (USB) Issued By Oppenheimer

Henrietta Strickland
May 15, 2018

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.81. The investment managers in our database now hold: 6.14 million shares, down from 6.17 million shares in 2017Q3. Virtue Capital Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $102,000. The shares were sold at an average price of $37.05, for a total transaction of $83,362.50. It's an article titled: "US Bancorp May Have a Serious Valuation Issue" on April 19, 2018.

Shares of USB traded down $0.32 during trading hours on Friday, reaching $51.18. About 5.04 million shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since May 14, 2017 and is downtrending. It has underperformed by 16.03% the S&P500. Insiders have sold a total of 168,016 shares of company stock valued at $9,356,775 over the last three months.

The company P/E (price to earnings) ratio is 16.53 and Forward P/E ratio is 11.81. Apriem Advisors owns 82,906 shares or 0.3% of their USA portfolio. Highlander Mngmt Limited Liability Company holds 0.22% in U.S. Bancorp (NYSE:USB) or 5,500 shares. Evercore Wealth Mgmt Limited Liability reported 108,974 shares. During the same quarter last year, the firm posted $0.82 earnings per share. research analysts anticipate that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.

Since February 20, 2018, it had 0 insider buys, and 5 sales for $9.81 million activity.

In related news, Vice Chairman P.W. Parker sold 98,485 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. Zacks Investment Research upgraded U.S. Bancorp from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a report on Friday, February 2nd.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. Institutional investors and hedge funds own 74.14% of the company's stock. 118 funds opened positions while 361 raised stakes. Following the completion of the transaction, the director now directly owns 231,682 shares in the company, valued at approximately $12,881,519.20. Asset Mngmt Of Georgia Incorporated Ga Adv reported 4,375 shs. Cleararc Cap owns 0.33% invested in U.S. Bancorp (NYSE:USB) for 45,767 shares.

Public Employees Retirement Association Of Colorado increased Activision Bliz (NASDAQ:ATVI) stake by 13,629 shares to 132,047 valued at $8.36 million in 2017Q4. Wellington Mgmt Grp Llp holds 5.55M shares or 0.07% of its portfolio. Walleye Trading Limited Liability Company owns 0.05% invested in U.S. Bancorp (NYSE:USB) for 186,492 shares. Investors of record on Thursday, March 29th were given a $0.30 dividend. U.S. Bancorp's payout ratio is 35.09%. Amg Funds Ltd owns 1.69% invested in U.S. Bancorp (NYSE:USB) for 58,414 shares. Delpha Capital Management LLC bought a new position in U.S. Bancorp in the fourth quarter valued at about $109,000. Sequoia Financial Advsr Limited Liability Com holds 6,624 shares.

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. On Friday, February 23 $750,528 worth of U.S. Bancorp (NYSE:USB) was sold by von Gillern Jeffry H.

Among 33 analysts covering U.S. Bancorp (NYSE:USB), 12 have Buy rating, 4 Sell and 17 Hold. Therefore 47% are positive. 24 are the (NYSE:USB)'s analyst reports since December 12, 2017 according to StockzIntelligence Inc. The company has a consensus rating of "Hold" and an average price target of $58.38. On Thursday, January 25 the firm has "Buy" rating given by Deutsche Bank. On Wednesday, January 31 the rating was downgraded by J.P. Morgan to "Sell". Fdx Advsr stated it has 0.05% in U.S. Bancorp (NYSE:USB). Barclays Capital has "Overweight" rating and $60 target. The rating was maintained by RBC Capital Markets with "Sector Perform" on Friday, January 22. Edward Jones restated a "hold" rating on shares of U.S. Bancorp in a report on Tuesday, April 3rd. The firm has "Neutral" rating given on Wednesday, November 16 by Piper Jaffray. Morgan Stanley maintained U.S. Bancorp (NYSE:USB) on Thursday, April 19 with "Underweight" rating. Wells Fargo & Company MN lifted its holdings in First Bancorp by 26.8% during the 3rd quarter.

Mar Vista Investment Partners Llc increased Schlumberger Ltd (NYSE:SLB) stake by 5,026 shares to 1.08M valued at $72.68M in 2017Q4. It also reduced its holding in Coca (NYSE:KO) by 144,351 shares in the quarter, leaving it with 1.69 million shares, and cut its stake in Blackrock Inc (NYSE:BLK). Pfizer Inc (NYSE:PFE) was raised too.

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