Aleem Gillani Purchases 10,000 Shares of U.S. Bancorp (NYSE:USB) Stock

U.S. Bancorp (NYSE:USB) Director Aleem Gillani bought 10,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,900. The acquisition was disclosed in a filing with the SEC, which is available through this link.

U.S. Bancorp Trading Down 1.9 %

USB traded down $0.85 during midday trading on Thursday, reaching $44.41. 17,219,239 shares of the company were exchanged, compared to its average volume of 8,552,943. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a one year low of $30.47 and a one year high of $45.85. The stock has a market capitalization of $69.30 billion, a P/E ratio of 14.72, a PEG ratio of 4.20 and a beta of 1.04. The stock’s 50-day simple moving average is $40.28 and its 200 day simple moving average is $41.45.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the business posted $1.12 EPS. U.S. Bancorp’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts forecast that U.S. Bancorp will post 3.83 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday. DA Davidson raised their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Barclays lowered their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a research report on Thursday, June 27th. Sixteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $47.20.

Hedge Funds Weigh In On U.S. Bancorp

Institutional investors have recently modified their holdings of the business. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $27,000. Naples Money Management LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at approximately $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new stake in U.S. Bancorp in the 1st quarter valued at approximately $30,000. Institutional investors 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.