Insider Selling: U.S. Bancorp (NYSE:USB) Insider Sells 2,046 Shares of Stock

U.S. Bancorp (NYSE:USB – Get Free Report) insider Shailesh M. Kotwal sold 2,046 shares of U.S. Bancorp stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $40.34, for a total transaction of $82,535.64. Following the sale, the insider now owns 112,722 shares in the company, valued at approximately $4,547,205.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

U.S. Bancorp Stock Performance

USB stock traded up $0.10 during midday trading on Monday, reaching $40.53. The company had a trading volume of 10,706,806 shares, compared to its average volume of 13,436,488. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average price of $34.67 and a 200 day moving average price of $34.99. The firm has a market capitalization of $63.11 billion, a PE ratio of 12.07, a P/E/G ratio of 1.87 and a beta of 1.07. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $49.95.

U.S. Bancorp (NYSE:USB – Get Free Report) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. U.S. Bancorp had a return on equity of 15.80% and a net margin of 14.39%. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts anticipate that U.S. Bancorp will post 4.32 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.48 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.74%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on USB shares. HSBC started coverage on shares of U.S. Bancorp in a report on Thursday, September 7th. They set a “hold” rating and a $30.00 price target for the company. Oppenheimer raised their target price on U.S. Bancorp from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. The Goldman Sachs Group boosted their price target on U.S. Bancorp from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Bank of America reduced their price target on U.S. Bancorp from $45.00 to $40.00 in a report on Tuesday, October 10th. Finally, Piper Sandler increased their target price on U.S. Bancorp from $38.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.19.

Check Out Our Latest Research Report on U.S. Bancorp

Institutional Trading of U.S. Bancorp

Several hedge funds have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of U.S. Bancorp by 97,087.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 683,204,992 shares of the financial services provider’s stock valued at $22,573,093,000 after buying an additional 682,502,016 shares during the last quarter. BlackRock Inc. increased its position in U.S. Bancorp by 6.0% in the 2nd quarter. BlackRock Inc. now owns 110,704,962 shares of the financial services provider’s stock valued at $3,657,692,000 after acquiring an additional 6,307,085 shares during the period. Mufg Bank LTD. raised its stake in U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after acquiring an additional 24,000,000 shares in the last quarter. State Street Corp boosted its position in U.S. Bancorp by 4.0% during the 2nd quarter. State Street Corp now owns 60,462,681 shares of the financial services provider’s stock worth $2,026,405,000 after acquiring an additional 2,300,777 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after purchasing an additional 60,227,825 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors.

About U.S. Bancorp (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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