U.S. Bancorp (NYSE:USB - Get Free Report) insider Jodi Richard sold 40,000 shares of U.S. Bancorp stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company's stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
U.S. Bancorp Trading Down 0.4%
USB opened at $56.62 on Thursday. U.S. Bancorp has a 1-year low of $39.26 and a 1-year high of $61.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market cap of $87.88 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a fifty day moving average price of $54.31 and a two-hundred day moving average price of $52.52.
U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 18.26%. The firm had revenue of $7.29 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 5.08 EPS for the current fiscal year.
U.S. Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp's payout ratio is 43.61%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Formidable Asset Management LLC grew its holdings in shares of U.S. Bancorp by 0.8% during the first quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider's stock valued at $1,247,000 after buying an additional 186 shares during the last quarter. Patton Fund Management Inc. boosted its holdings in U.S. Bancorp by 9.4% during the first quarter. Patton Fund Management Inc. now owns 4,699 shares of the financial services provider's stock worth $244,000 after purchasing an additional 402 shares during the last quarter. Aspire Private Capital LLC purchased a new position in U.S. Bancorp during the first quarter worth about $235,000. Patriot Financial Group Insurance Agency LLC purchased a new position in U.S. Bancorp during the first quarter worth about $262,000. Finally, Chemung Canal Trust Co. boosted its holdings in U.S. Bancorp by 3.4% during the first quarter. Chemung Canal Trust Co. now owns 71,107 shares of the financial services provider's stock worth $3,698,000 after purchasing an additional 2,350 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have weighed in on USB shares. Argus lifted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. HSBC reiterated a "buy" rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. Royal Bank Of Canada lifted their price objective on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of U.S. Bancorp from $62.00 to $58.00 and set an "underweight" rating for the company in a report on Tuesday, April 7th. Finally, Evercore lifted their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an "in-line" rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $61.18.
Get Our Latest Stock Analysis on USB
U.S. Bancorp Company Profile
(
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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