U.S. Bancorp (NYSE:USB) Insider Stephen Philipson Sells 36,906 Shares of Stock

U.S. Bancorp (NYSE:USB) insider Stephen Philipson sold 36,906 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

U.S. Bancorp Price Performance

NYSE:USB opened at $64.45 on Wednesday. U.S. Bancorp has a 12 month low of $43.46 and a 12 month high of $64.84. The stock has a 50 day moving average of $59.32 and a two-hundred day moving average of $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 cap of $99.97 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The business had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same quarter in the prior year, the firm earned $1.11 earnings per share. On average, analysts expect that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Clayton Financial Group LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at about $25,000. Financial Life Planners purchased a new stake in U.S. Bancorp during the first quarter worth about $27,000. Main Street Group LTD purchased a new stake in U.S. Bancorp during the first quarter worth about $28,000. JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the third quarter worth about $28,000. Finally, Binnacle Investments Inc lifted its position in shares of U.S. Bancorp by 77.8% during the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 273 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USB has been the subject of a number of research reports. Stephens upped their target price on shares of U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. BTIG Research set a $67.50 price target on shares of U.S. Bancorp in a research note on Monday, July 20th. Jefferies Financial Group upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday, July 21st. Finally, Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $67.00.

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.