U.S. Bancorp (NYSE:USB) Insider Sells $1,952,626.75 in Stock

U.S. Bancorp (NYSE:USB) insider Mark Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the sale, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.27 during midday trading on Monday, reaching $60.42. 7,112,644 shares of the company traded hands, compared to its average volume of 12,301,938. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $60.91. The stock’s 50-day simple moving average is $54.57 and its 200-day simple moving average is $49.91. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $93.92 billion, a PE ratio of 13.08, a PEG ratio of 1.09 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last released its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson increased their price target on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. TD Cowen boosted their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Evercore upped their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $59.79.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eaton Financial Holdings Company LLC lifted its holdings in U.S. Bancorp by 3.3% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 27,335 shares of the financial services provider’s stock worth $1,459,000 after buying an additional 868 shares during the period. Community Bank & Trust Waco Texas boosted its stake in shares of U.S. Bancorp by 3.8% in the 4th quarter. Community Bank & Trust Waco Texas now owns 6,514 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 236 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of U.S. Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider’s stock valued at $2,002,518,000 after purchasing an additional 443,646 shares during the last quarter. Fidelis Capital Partners LLC increased its position in shares of U.S. Bancorp by 41.1% during the fourth quarter. Fidelis Capital Partners LLC now owns 9,809 shares of the financial services provider’s stock worth $523,000 after buying an additional 2,856 shares during the period. Finally, Knights of Columbus Asset Advisors LLC bought a new position in U.S. Bancorp during the fourth quarter worth $3,110,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Company Profile

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.