Traders sold shares of U.S. Bancorp (NYSE:USB) on strength during trading hours on Tuesday. $19.02 million flowed into the stock on the tick-up and $55.32 million flowed out of the stock on the tick-down, for a money net flow of $36.30 million out of the stock. Of all equities tracked, U.S. Bancorp had the 23rd highest net out-flow for the day. U.S. Bancorp traded up $0.19 for the day and closed at $52.98

A number of equities analysts have weighed in on USB shares. BidaskClub raised U.S. Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a research report on Friday, June 9th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, July 20th. Rafferty Capital Markets downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Thursday, April 20th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $52.85.

The stock’s 50 day moving average is $52.44 and its 200 day moving average is $52.55. The company has a market capitalization of $88.62 billion, a price-to-earnings ratio of 16.01 and a beta of 0.86.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business earned $0.82 EPS. U.S. Bancorp’s revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post $3.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.11%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 33.63%.

U.S. Bancorp declared that its board has approved a share repurchase plan on Wednesday, June 28th that permits the company to buyback $2.60 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investment Partners Ltd. OH ADV raised its position in U.S. Bancorp by 33.6% in the first quarter. Investment Partners Ltd. OH ADV now owns 8,054 shares of the financial services provider’s stock worth $415,000 after buying an additional 2,024 shares during the period. Coastline Trust Co raised its position in U.S. Bancorp by 0.4% in the first quarter. Coastline Trust Co now owns 78,015 shares of the financial services provider’s stock worth $4,018,000 after buying an additional 290 shares during the period. West Coast Financial LLC raised its position in U.S. Bancorp by 18.2% in the first quarter. West Coast Financial LLC now owns 7,761 shares of the financial services provider’s stock worth $400,000 after buying an additional 1,193 shares during the period. Nelson Roberts Investment Advisors LLC raised its position in U.S. Bancorp by 0.3% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 120,356 shares of the financial services provider’s stock worth $6,198,000 after buying an additional 320 shares during the period. Finally, Vicus Capital raised its position in U.S. Bancorp by 58.6% in the first quarter. Vicus Capital now owns 8,869 shares of the financial services provider’s stock worth $457,000 after buying an additional 3,276 shares during the period. Hedge funds and other institutional investors own 76.25% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/traders-sell-u-s-bancorp-usb-on-strength-usb/1492487.html.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.