U.S. Bancorp (NYSE:USB – Get Rating) declared a quarterly dividend on Tuesday, June 14th, RTT News reports. Stockholders of record on Thursday, June 30th will be given a dividend of 0.46 per share by the financial services provider on Friday, July 15th. This represents a $1.84 annualized dividend and a dividend yield of 4.02%.
U.S. Bancorp has raised its dividend by an average of 9.5% per year over the last three years and has raised its dividend every year for the last 11 years. U.S. Bancorp has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Analysts expect U.S. Bancorp to earn $5.28 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 34.8%.
U.S. Bancorp stock opened at $45.72 on Wednesday. The business has a 50 day moving average of $50.65 and a 200-day moving average of $54.84. U.S. Bancorp has a 1 year low of $45.69 and a 1 year high of $63.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74. The company has a market capitalization of $67.93 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.69 and a beta of 0.98.
U.S. Bancorp (NYSE:USB – Get Rating) last released its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. U.S. Bancorp had a return on equity of 15.24% and a net margin of 30.41%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that U.S. Bancorp will post 4.43 EPS for the current year.
A number of research firms have issued reports on USB. Morgan Stanley cut their price target on U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, March 28th. Bank of America lifted their price target on U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, April 18th. Oppenheimer lifted their price target on U.S. Bancorp from $67.00 to $72.00 in a research note on Tuesday, May 3rd. Wolfe Research reduced their target price on U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. Finally, UBS Group cut U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $64.00 to $56.00 in a research note on Friday, April 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.77.
Several institutional investors have recently bought and sold shares of the company. Covestor Ltd lifted its position in U.S. Bancorp by 62.6% during the 1st quarter. Covestor Ltd now owns 1,424 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 548 shares during the period. Ulland Investment Advisors LLC purchased a new stake in U.S. Bancorp during the 4th quarter worth approximately $95,000. Zullo Investment Group Inc. acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $217,000. Jaffetilchin Investment Partners LLC boosted its holdings in shares of U.S. Bancorp by 6.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 3,931 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 226 shares during the last quarter. Finally, Vista Investment Management boosted its holdings in shares of U.S. Bancorp by 12.2% during the 1st quarter. Vista Investment Management now owns 4,224 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 458 shares during the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.
U.S. Bancorp Company Profile (Get Rating)
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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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Source: defenseworld.net
