U.S. Bancorp (NYSE:USB) EVP Sells $895,005.54 in Stock

U.S. Bancorp (NYSE:USBGet Free Report) EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

U.S. Bancorp Trading Down 0.8 %

Shares of USB stock traded down $0.33 during trading hours on Tuesday, reaching $41.16. 7,328,453 shares of the stock were exchanged, compared to its average volume of 9,528,612. The firm has a market capitalization of $64.09 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $48.26. The company’s 50-day moving average price is $42.33 and its 200-day moving average price is $37.85.

U.S. Bancorp (NYSE:USBGet Free Report) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the previous year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s dividend payout ratio is presently 59.76%.

Institutional Investors Weigh In On U.S. Bancorp

Several hedge funds have recently modified their holdings of USB. Nemes Rush Group LLC bought a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $25,000. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp during the 4th quarter valued at approximately $27,000. Finally, Legacy Financial Group LLC acquired a new position in U.S. Bancorp during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 75.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Friday, December 15th. Odeon Capital Group upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 target price on the stock in a report on Thursday, December 14th. Oppenheimer raised their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Barclays raised their target price on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.35.

Check Out Our Latest Analysis on USB

U.S. Bancorp Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for U.S. Bancorp (NYSE:USB)

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