U.S. Bancorp (NYSE:USB) Shares Gap Down to $41.00

U.S. Bancorp (NYSE:USB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $41.00, but opened at $39.50. U.S. Bancorp shares last traded at $39.62, with a volume of 10,367,171 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on USB. UBS Group lowered their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday. DA Davidson reduced their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group upped their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, Morgan Stanley upped their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.68.

U.S. Bancorp Trading Up 2.6 %

The business has a 50 day simple moving average of $42.31 and a two-hundred day simple moving average of $39.72. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Activity

In related news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Institutional Trading of U.S. Bancorp

Institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its position in shares of U.S. Bancorp by 3.7% in the first quarter. Cornerstone Wealth Management LLC now owns 37,790 shares of the financial services provider’s stock worth $1,689,000 after buying an additional 1,353 shares during the last quarter. DMC Group LLC lifted its position in shares of U.S. Bancorp by 3.9% in the first quarter. DMC Group LLC now owns 15,658 shares of the financial services provider’s stock worth $700,000 after buying an additional 587 shares during the last quarter. Norden Group LLC lifted its position in shares of U.S. Bancorp by 2,436.0% in the first quarter. Norden Group LLC now owns 399,756 shares of the financial services provider’s stock worth $17,869,000 after buying an additional 383,993 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of U.S. Bancorp by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 168,948 shares of the financial services provider’s stock worth $7,551,000 after buying an additional 815 shares during the last quarter. Finally, Caldwell Sutter Capital Inc. lifted its position in shares of U.S. Bancorp by 3.7% in the first quarter. Caldwell Sutter Capital Inc. now owns 10,528 shares of the financial services provider’s stock worth $471,000 after buying an additional 372 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.