Key Points
- Insider sale: U.S. Bancorp insider Mark Runkel sold 32,195 shares on Feb. 6 at an average price of $60.65, generating about $1.95M and reducing his position by 24.78% to 97,728 shares (~$5.93M).
- Company performance & outlook: USB beat the quarter with EPS $1.26 (vs. $1.19) and revenue $7.92B (vs. $7.31B), recently paid a $0.52 quarterly dividend (3.4% yield), and carries a consensus "Moderate Buy" rating with a $59.79 price target.
U.S. Bancorp (NYSE:USB - Get Free Report) insider Mark Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider owned 97,728 shares of the company's stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
U.S. Bancorp Stock Down 0.4%
U.S. Bancorp stock opened at $60.42 on Tuesday. The business's 50-day moving average price is $54.79 and its 200 day moving average price is $50.01. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $93.92 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $60.91.
U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 45.02%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on USB shares. Wells Fargo & Company increased their target price on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, October 17th. TD Cowen increased their price target on U.S. Bancorp from $65.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, January 21st. Citigroup raised their price objective on U.S. Bancorp from $65.00 to $70.00 and gave the company a "buy" rating in a report on Friday, October 17th. UBS Group reaffirmed a "neutral" rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Finally, Barclays increased their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.79.
View Our Latest Stock Analysis on USB
Hedge Funds Weigh In On U.S. Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of the business. IMG Wealth Management Inc. acquired a new stake in U.S. Bancorp in the 2nd quarter valued at about $25,000. Guerra Advisors Inc purchased a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $25,000. Clayton Financial Group LLC purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $25,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in U.S. Bancorp during the third quarter worth approximately $26,000. 77.60% of the stock is owned by hedge funds and other institutional investors.
About U.S. Bancorp
(
Get Free Report)
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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