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

U.S. Bancorp (NYSE:USB)’s stock price gapped down before the market opened 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on USB. Wells Fargo & Company lowered their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley lifted their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Evercore ISI boosted their price target on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada upped their target price on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average price target of $46.68.

U.S. Bancorp Stock Up 2.6 %

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

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Announces Dividend

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

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other U.S. Bancorp 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 sale, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The shares were 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 $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after acquiring an additional 6,479,642 shares in the last quarter. Mufg Bank LTD. lifted its position in U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after acquiring an additional 24,000,000 shares during the period. Moneta Group Investment Advisors LLC lifted its position in U.S. Bancorp by 130,768.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after acquiring an additional 60,227,825 shares during the period. FMR LLC lifted its position in U.S. Bancorp by 1.8% during the 3rd quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock worth $1,238,765,000 after acquiring an additional 674,583 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after acquiring an additional 2,598,163 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

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.