U.S. Bancorp Announces Quarterly Dividend of $0.52 (NYSE:USB)

U.S. Bancorp (NYSE:USB) declared a quarterly dividend on Tuesday, March 10th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

U.S. Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. U.S. Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect U.S. Bancorp to earn $4.82 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 43.2%.

U.S. Bancorp Trading Down 0.5%

USB traded down $0.25 during midday trading on Wednesday, hitting $51.70. 7,168,061 shares of the company were exchanged, compared to its average volume of 11,270,474. The firm’s 50 day moving average price is $55.98 and its 200-day moving average price is $51.56. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $61.19. The firm has a market capitalization of $80.32 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.93 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the sale, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Advisortrust Partners LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at $626,000. PeakShares LLC bought a new stake in U.S. Bancorp in the fourth quarter valued at $96,000. Corient Private Wealth LLC increased its position in U.S. Bancorp by 26.9% in the 4th quarter. Corient Private Wealth LLC now owns 513,400 shares of the financial services provider’s stock valued at $27,454,000 after buying an additional 108,789 shares in the last quarter. Auto Owners Insurance Co raised its stake in U.S. Bancorp by 5,236.0% during the 4th quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after buying an additional 32,725,000 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in U.S. Bancorp by 11.4% in the fourth quarter. Hsbc Holdings PLC now owns 4,562,050 shares of the financial services provider’s stock worth $243,838,000 after acquiring an additional 468,381 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.