U.S. Bancorp (NYSE:USB) Director Aleem Gillani Acquires 5,000 Shares

U.S. Bancorp (NYSE:USB - Get Free Report) Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

U.S. Bancorp Trading Down 0.4 %

NYSE:USB traded down $0.15 during trading hours on Friday, hitting $39.90. The company had a trading volume of 6,432,743 shares, compared to its average volume of 9,080,602. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $41.71 and a 200 day moving average of $46.60. The company has a market cap of $62.16 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period last year, the business earned $0.78 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's payout ratio is presently 49.50%.

Analyst Ratings Changes

Several equities analysts recently issued reports on USB shares. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. Truist Financial decreased their price objective on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Citigroup dropped their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada reduced their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.66.

Institutional Investors Weigh In On U.S. Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in U.S. Bancorp in the fourth quarter valued at about $777,524,000. Invesco Ltd. lifted its holdings in shares of U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after acquiring an additional 5,449,949 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of U.S. Bancorp by 153.0% in the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock worth $374,573,000 after acquiring an additional 4,807,662 shares during the last quarter. Marshall Wace LLP boosted its position in shares of U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after purchasing an additional 4,663,518 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $184,733,000. Institutional investors and hedge funds own 77.60% of the company's stock.

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.