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

U.S. Bancorp (NYSE:USB - Get Free Report)'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 trading hands.

Analyst Ratings Changes

USB has been the subject of a number of research analyst reports. TheStreet raised U.S. Bancorp from a "c+" rating to a "b-" rating in a research report on Tuesday, December 26th. HSBC raised shares of U.S. Bancorp from a "hold" rating to a "buy" rating and boosted their target price for the company from $47.00 to $53.00 in a report on Thursday, March 28th. The Goldman Sachs Group upped their price target on shares of U.S. Bancorp from $37.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, December 19th. Compass Point raised U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their target price for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. Finally, Royal Bank of Canada upped their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $47.41.

U.S. Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $61.58 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The firm's 50 day moving average is $42.34 and its 200 day moving average is $39.72.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.28. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. Analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.96%. U.S. Bancorp's dividend payout ratio (DPR) is 59.76%.

Insider Activity at U.S. Bancorp

In other news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares in the company, valued at approximately $4,313,616.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the firm's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock worth $2,535,903 in the last 90 days. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Scotia Capital Inc. raised its stake in shares of U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider's stock valued at $1,158,000 after purchasing an additional 990 shares during the period. Tealwood Asset Management Inc. raised its stake in shares of U.S. Bancorp by 33.4% during the fourth quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider's stock valued at $2,707,000 after purchasing an additional 15,665 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in U.S. Bancorp in the fourth quarter worth about $4,073,000. Van ECK Associates Corp raised its position in U.S. Bancorp by 19.4% in the third quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider's stock worth $286,874,000 after acquiring an additional 1,410,324 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in U.S. Bancorp by 104.3% in the fourth quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider's stock worth $4,548,000 after acquiring an additional 53,653 shares in the last quarter. Hedge funds and other institutional investors 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.