Venkatachari Dilip Sells 34,522 Shares of U.S. Bancorp (NYSE:USB) Stock

U.S. Bancorp (NYSE:USBGet Free Report) EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.59 during mid-day trading on Wednesday, hitting $56.19. The stock had a trading volume of 9,217,792 shares, compared to its average volume of 10,599,699. The firm has a market capitalization of $87.21 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.00 and a beta of 1.00. 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 firm’s 50 day moving average is $54.04 and its 200 day moving average is $53.02. U.S. Bancorp has a one year low of $41.13 and a one year high of $61.19.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 18.26%. U.S. Bancorp’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio is currently 43.61%.

U.S. Bancorp News Summary

Here are the key news stories impacting U.S. Bancorp this week:

Institutional Trading of U.S. Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Guerra Advisors Inc purchased a new stake in U.S. Bancorp in the 3rd quarter worth about $25,000. Financial Life Planners purchased a new stake in U.S. Bancorp in the 3rd quarter worth about $25,000. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp in the 3rd quarter worth about $26,000. Finally, Main Street Group LTD purchased a new stake in U.S. Bancorp in the 1st quarter worth about $28,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on USB shares. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada upped their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, TD Cowen upped their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

Read 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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