U.S. Bancorp (NYSE:USB) Releases Quarterly Earnings Results

U.S. Bancorp (NYSE:USB - Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01, Briefing.com reports. The business had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.71 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share.

U.S. Bancorp Stock Down 0.2 %

NYSE:USB traded down $0.08 on Thursday, hitting $39.44. 9,789,602 shares of the company's stock traded hands, compared to its average volume of 8,797,694. The firm has a 50-day moving average price of $42.31 and a 200-day moving average price of $39.72. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The company has a market cap of $61.45 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.97%. U.S. Bancorp's payout ratio is presently 59.76%.

Analyst Ratings Changes

A number of analysts have commented on USB shares. DA Davidson dropped their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday. UBS Group upped their target price on U.S. Bancorp from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 17th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp 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 report on Monday, April 8th. Finally, Royal Bank of Canada raised their target price on U.S. Bancorp from $43.00 to $47.00 and gave the company an "outperform" rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.91.

Insider Transactions at U.S. Bancorp

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 shares were sold at an average price of $43.37, for a total transaction 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 approximately $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the firm's stock in a transaction dated 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 disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Institutional Trading of U.S. Bancorp

Large investors have recently added to or reduced their stakes in the business. BCK Partners Inc. acquired a new position in U.S. Bancorp during the first quarter worth $2,514,000. Acadian Asset Management LLC increased its holdings in shares of U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider's stock valued at $499,000 after acquiring an additional 276 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of U.S. Bancorp by 20.8% in the 1st quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider's stock valued at $1,176,000 after acquiring an additional 3,663 shares in the last quarter. Prudential PLC acquired a new stake in U.S. Bancorp in the 1st quarter worth approximately $1,731,000. Finally, Candriam Luxembourg S.C.A. boosted its position in U.S. Bancorp by 5.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider's stock worth $4,573,000 after purchasing an additional 4,827 shares during the period. 77.60% of the stock is owned by institutional investors.

About U.S. Bancorp

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.