US Bancorp 2019 Q2 Institutional Investor Sentiment Worse Than Expected

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Sentiment for US Bancorp (NYSE:USB)

US Bancorp (NYSE:USB) institutional sentiment decreased to 0.95 in Q2 2019. Its down -0.08, from 1.03 in 2019Q1. The ratio dropped, as 453 institutional investors increased or opened new stock positions, while 475 sold and reduced holdings in US Bancorp. The institutional investors in our partner’s database now possess: 1.17 billion shares, up from 1.15 billion shares in 2019Q1. Also, the number of institutional investors holding US Bancorp in their top 10 stock positions increased from 26 to 32 for an increase of 6. Sold All: 44 Reduced: 431 Increased: 348 New Position: 105.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. The company has market cap of $88.36 billion. It offers depository services, which include checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, as well as credit card services, leasing financing, import/export trade, asset-backed lending, agricultural finance, and other products. It has a 13.16 P/E ratio. The firm also provides ancillary services, including capital markets, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business firms, and charitable organizations.

The stock increased 0.61% or $0.34 during the last trading session, reaching $56.07. About 4.25M shares traded. U.S. Bancorp (NYSE:USB) has risen 7.87% since September 13, 2018 and is uptrending. It has outperformed by 7.87% the S&P500.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on October, 16. They expect $1.12 EPS, up 5.66 % or $0.06 from last year’s $1.06 per share. USB’s profit will be $1.76 billion for 12.52 P/E if the $1.12 EPS becomes a reality. After $1.09 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 2.75 % EPS growth.

Somerset Group Llc holds 12.41% of its portfolio in U.S. Bancorp for 279,160 shares. Reik & Co. Llc owns 766,270 shares or 10.77% of their US portfolio. Moreover, United Fire Group Inc has 9.63% invested in the company for 518,675 shares. The Missouri-based Community Bank Of Raymore has invested 5.68% in the stock. Daily Journal Corp, a California-based fund reported 14.00 million shares.

U.S. Bancorp (NYSE:USB) Ratings Coverage

Ratings analysis reveals 20% of U.S. Bancorp’s analysts are positive. Out of 5 Wall Street analysts rating U.S. Bancorp, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $52.5000 while the high is $62. The stock’s average target of $57.80 is 3.09% above today’s ($56.07) share price. USB was included in 9 notes of analysts from March 23, 2019. Macquarie Research downgraded the stock to “Neutral” rating in Thursday, August 1 report. The company was upgraded on Wednesday, July 31 by JP Morgan. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, July 18. JP Morgan maintained the stock with “Underweight” rating in Tuesday, July 9 report. The firm earned “Neutral” rating on Thursday, July 18 by Bank of America. The stock has “Outperform” rating by Oppenheimer on Tuesday, March 26.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Seekingalpha.com which released: “Stocks To Watch: Apple, IPOs And German Auto – Seeking Alpha” on September 07, 2019, also Finance.Yahoo.com with their article: “With EPS Growth And More, U.S. Bancorp (NYSE:USB) Is Interesting – Yahoo Finance” published on June 11, 2019, Seekingalpha.com published: “U.S. bank acquires Talech for an undisclosed sum – Seeking Alpha” on September 10, 2019. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Finance.Yahoo.com and their article: “3 Financial Stocks With High Earnings – Yahoo Finance” published on August 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Warren Buffett’s Berkshire Increases Amazon in Slow 2nd Quarter – Yahoo Finance” with publication date: August 15, 2019.

U.S. Bancorp (NYSE:USB) Institutional Positions Chart

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