U.S. Bancorp (NYSE:USB) EVP Sells $1,022,140.15 in Stock

U.S. Bancorp (NYSE:USB - Get Free Report) EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

U.S. Bancorp Trading Up 1.6 %

USB stock traded up $0.74 during midday trading on Tuesday, hitting $47.62. The stock had a trading volume of 7,743,986 shares, compared to its average volume of 9,639,644. The firm has a market cap of $74.28 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The business has a fifty day moving average price of $48.97 and a two-hundred day moving average price of $47.48.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business's revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's payout ratio is 52.77%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price on the stock. in a research note on Thursday, October 24th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Finally, Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors have recently modified their holdings of USB. Brooklyn Investment Group raised its position in U.S. Bancorp by 4.4% in the 3rd quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock valued at $219,000 after buying an additional 201 shares during the last quarter. McAdam LLC raised its position in U.S. Bancorp by 2.5% in the 3rd quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock valued at $389,000 after buying an additional 209 shares during the last quarter. Capital Performance Advisors LLP raised its position in U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after buying an additional 210 shares during the last quarter. HCR Wealth Advisors raised its position in U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after buying an additional 211 shares during the last quarter. Finally, Priebe Wealth Holdings LLC raised its position in U.S. Bancorp by 4.4% in the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after buying an additional 215 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Company Profile

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.