U.S. Bancorp (NYSE:USB) Shares Gap Down - Time to Sell?

U.S. Bancorp (NYSE:USB - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $50.90, but opened at $47.89. U.S. Bancorp shares last traded at $48.17, with a volume of 2,354,095 shares changing hands.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research report on Thursday, December 19th. Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Stephens lifted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Compass Point raised their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.21.

U.S. Bancorp Stock Up 0.8 %

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The firm's 50-day moving average price is $50.22 and its two-hundred day moving average price is $46.72. The firm has a market cap of $75.50 billion, a PE ratio of 14.80, a P/E/G ratio of 2.47 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. U.S. Bancorp's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that U.S. Bancorp will post 3.91 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio is currently 61.16%.

Hedge Funds Weigh In On U.S. Bancorp

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of U.S. Bancorp in the second quarter valued at about $9,198,000. Edgestream Partners L.P. purchased a new stake in U.S. Bancorp during the 2nd quarter valued at approximately $2,495,000. Mercer Global Advisors Inc. ADV raised its stake in U.S. Bancorp by 4.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider's stock valued at $7,757,000 after acquiring an additional 7,481 shares during the last quarter. Seven Eight Capital LP acquired a new stake in U.S. Bancorp during the 2nd quarter worth approximately $1,170,000. Finally, XTX Topco Ltd grew its stake in shares of U.S. Bancorp by 113.6% in the 2nd quarter. XTX Topco Ltd now owns 57,968 shares of the financial services provider's stock valued at $2,301,000 after purchasing an additional 30,824 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

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.