Is US Bancorp (NYSE:USB) A Safe Bet For Investors?


Shelton Capital Management now owns 133,200 shares of the financial services provider's stock worth $6,860,000 after purchasing an additional 45,116 shares during the last quarter. The company has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. However, escalating expenses and litigations remain key concerns. Wells Fargo & Company assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, August 9th. Stratos Wealth Partners LTD. increased its holdings in shares of U.S. Bancorp by 13.1% during the first quarter. On Thursday, September 28 the stock rating was downgraded by Nomura to "Hold". Millennium Management Ltd Llc has invested 0.01% in U.S. Bancorp (NYSE:USB). Argus upgraded shares of U.S. Bancorp from a "hold" rating to a "buy" rating and set a $57.00 price target for the company in a research report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. They set a "market perform" rating and a $56.00 price target on the stock.

U.S. Bancorp (NYSE USB) opened at 53.88 on Wednesday. 2,495,044 shares of the stock traded hands.

Beta is also an important valuation ratio for analyzing the stock of the company, USB has its industry and Sector's beta remains at 0.87 and 0.78 respectively. The stock is now moving above its 20-Day Simple Moving Average of 0.22% with a 50-Day Simple Moving Average of 2.41 percent.

U.S. Bancorp (NYSE:USB) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 76.7 percent and its overall profit margin (ttm) is 41.4 Percent.

U.S. Bancorp on Wednesday reported third-quarter net income of $1.56 billion. Bahl Gaynor has invested 1.16% in U.S. Bancorp (NYSE:USB).

Third-quarter total net revenue was $5.61 billion compared to $5.39 billion, a year ago.

Earnings per share for the quarter increased to $0.88, up from $0.84 in 2016. The Forester Capital Management Ltd holds 66,176 shares with $3.44 million value, down from 78,050 last quarter. Kentucky Retirement has invested 0.4% in U.S. Bancorp (NYSE:USB). This repurchase authorization authorizes the financial services provider to repurchase up to 3% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued. BidaskClub raised shares of U.S. Bancorp from a "hold" rating to a "buy" rating in a research report on Thursday, July 6th. If you are accessing this article on another publication, it was copied illegally and republished in violation of worldwide trademark and copyright law. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.28. Phocas Financial Corp. acquired a new stake in shares of U.S. Bancorp in the second quarter worth approximately $109,000. Opus Capital Group LLC purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at $202,000. The stock now has Weekly Volatility of 1.11% and Monthly Volatility of 1.18%. Finally, New England Asset Management Inc. increased its holdings in U.S. Bancorp by 52.5% in the first quarter. The Stock has YTD (year to date) performance of 4.89 percent. South Dakota Investment Council sold 123,898 shares as the company's stock declined 6.89% while stock markets rallied.

"Our strong revenue base and financial discipline positions us for growth heading into the next year", Andy Cecere, the company's chief executive, said in a statement. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.