U.S. Bancorp (NYSE:USB - Get Free Report) Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
U.S. Bancorp Stock Down 0.9 %
Shares of NYSE USB opened at $37.85 on Tuesday. The firm has a market cap of $58.97 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock's 50-day simple moving average is $42.35 and its 200-day simple moving average is $46.76.
U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the prior year, the business posted $0.78 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.
U.S. Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 5.28%. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.
Institutional Trading of U.S. Bancorp
Institutional investors and hedge funds have recently bought and sold shares of the company. FIL Ltd raised its position in shares of U.S. Bancorp by 42.0% during the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after acquiring an additional 8,542 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $1,018,000. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after buying an additional 1,079,056 shares during the last quarter. M&T Bank Corp raised its stake in U.S. Bancorp by 36.9% during the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock worth $55,427,000 after acquiring an additional 312,504 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in U.S. Bancorp by 11.3% in the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after acquiring an additional 38,802 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on USB shares. Morgan Stanley decreased their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada decreased their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group cut their target price on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.66.
Read Our Latest Research Report on USB
About U.S. Bancorp
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
