Key Points
- Insider Stephen Philipson sold 36,906 U.S. Bancorp shares at an average price of $63.08, generating approximately $2.33 million. His remaining stake fell 32.99% to 74,969 shares.
- U.S. Bancorp reported quarterly EPS of $1.35, exceeding the $1.28 consensus estimate, while revenue reached $7.71 billion versus $7.58 billion expected.
- The bank maintains a quarterly dividend of $0.52 per share, equivalent to a 3.2% yield, and analysts assign the stock a consensus “Moderate Buy” rating with an average price target of $67.
U.S. Bancorp (NYSE:USB - Get Free Report) insider Stephen Philipson sold 36,906 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the transaction, the insider directly owned 74,969 shares of the company's stock, valued at $4,729,044.52. This represents a 32.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
U.S. Bancorp Stock Up 1.5%
U.S. Bancorp stock opened at $64.45 on Wednesday. U.S. Bancorp has a twelve month low of $43.46 and a twelve month high of $64.84. The stock's fifty day simple moving average is $59.32 and its 200-day simple moving average is $56.55. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $99.97 billion, a P/E ratio of 12.86, a P/E/G ratio of 1.04 and a beta of 0.96.
U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the business posted $1.11 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 41.52%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on USB. Evercore upgraded shares of U.S. Bancorp from an "in-line" rating to an "outperform" rating and set a $72.00 target price on the stock in a research note on Monday, July 20th. DA Davidson boosted their price target on shares of U.S. Bancorp from $72.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Raymond James Financial assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, July 8th. They issued a "strong-buy" rating and a $72.00 price objective on the stock. Morgan Stanley raised their price objective on shares of U.S. Bancorp from $64.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of U.S. Bancorp from $61.00 to $68.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.00.
Read Our Latest Analysis on U.S. Bancorp
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Clayton Financial Group LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at $25,000. Financial Life Planners acquired a new stake in shares of U.S. Bancorp during the first quarter worth about $27,000. Main Street Group LTD purchased a new position in shares of U.S. Bancorp during the first quarter worth about $28,000. JPL Wealth Management LLC purchased a new position in shares of U.S. Bancorp during the third quarter worth about $28,000. Finally, Binnacle Investments Inc increased its position in U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 273 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.
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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