U.S. Bancorp (NYSE:USB) saw an uptick in trading volume on Thursday . 5,927,003 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 7,085,478 shares.The stock last traded at $41.31 and had previously closed at $40.63.

A number of brokerages have weighed in on USB. Piper Jaffray Cos. restated an “overweight” rating and issued a $49.00 price objective (up previously from $48.00) on shares of U.S. Bancorp in a report on Saturday, April 23rd. Deutsche Bank AG downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research note on Tuesday, April 26th. They noted that the move was a valuation call. Compass Point cut their target price on U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, April 21st. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $45.00 to $42.00 in a research note on Thursday, April 21st. They noted that the move was a valuation call. Finally, Societe Generale began coverage on U.S. Bancorp in a research note on Tuesday, March 22nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $46.00.

The firm has a market capitalization of $72.32 billion and a PE ratio of 13.25. The firm has a 50 day moving average of $41.16 and a 200-day moving average of $40.80.

U.S. Bancorp (NYSE:USB) last released its earnings results on Friday, July 15th. The financial services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. During the same quarter last year, the company posted $0.80 earnings per share. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.19 billion. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post $3.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.02 annualized dividend and a yield of 2.43%.

In other U.S. Bancorp news, CEO Richard K. Davis sold 919,118 shares of the company’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $43.01, for a total transaction of $39,531,265.18. Following the completion of the sale, the chief executive officer now directly owns 1,567,589 shares in the company, valued at $67,422,002.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Andrew Cecere sold 321,691 shares of the company’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $43.53, for a total value of $14,003,209.23. Following the sale, the chief operating officer now owns 856,974 shares of the company’s stock, valued at $37,304,078.22. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the company. Artemis Investment Management LLP raised its stake in shares of U.S. Bancorp by 0.3% in the fourth quarter. Artemis Investment Management LLP now owns 56,316 shares of the financial services provider’s stock valued at $2,402,000 after buying an additional 192 shares in the last quarter. Davidson & Garrard Inc. raised its stake in shares of U.S. Bancorp by 0.5% in the fourth quarter. Davidson & Garrard Inc. now owns 77,809 shares of the financial services provider’s stock valued at $3,320,000 after buying an additional 368 shares in the last quarter. Busey Trust CO raised its stake in shares of U.S. Bancorp by 0.3% in the fourth quarter. Busey Trust CO now owns 152,701 shares of the financial services provider’s stock valued at $6,516,000 after buying an additional 394 shares in the last quarter. Bank of The Ozarks raised its stake in shares of U.S. Bancorp by 0.6% in the fourth quarter. Bank of The Ozarks now owns 76,332 shares of the financial services provider’s stock valued at $3,257,000 after buying an additional 455 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of U.S. Bancorp by 0.5% in the fourth quarter. Ameritas Investment Partners Inc. now owns 106,033 shares of the financial services provider’s stock valued at $4,523,000 after buying an additional 484 shares in the last quarter.

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

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