U.S. Bancorp (NYSE:USB – Get Rating) CFO Terrance R. Dolan sold 15,000 shares of U.S. Bancorp stock in a transaction on Friday, November 18th. The shares were sold at an average price of $43.34, for a total value of $650,100.00. Following the sale, the chief financial officer now directly owns 138,051 shares of the company’s stock, valued at approximately $5,983,130.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
U.S. Bancorp Stock Performance
Shares of USB opened at $43.39 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average price is $42.52 and its 200-day moving average price is $46.02. U.S. Bancorp has a 52 week low of $38.39 and a 52 week high of $63.57. The stock has a market cap of $64.47 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.52 and a beta of 0.96.
U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). U.S. Bancorp had a return on equity of 15.25% and a net margin of 26.01%. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.
U.S. Bancorp Increases Dividend
Wall Street Analyst Weigh In
Several research firms recently issued reports on USB. Wedbush reissued a “neutral” rating and set a $47.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, September 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on U.S. Bancorp from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, September 12th. Oppenheimer dropped their price target on U.S. Bancorp to $64.00 in a research note on Thursday, October 20th. JPMorgan Chase & Co. lifted their price target on U.S. Bancorp from $46.00 to $47.00 in a research note on Wednesday, November 2nd. Finally, Compass Point decreased their price objective on U.S. Bancorp to $43.00 in a report on Thursday, October 20th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.17.
Hedge Funds Weigh In On U.S. Bancorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in USB. Magellan Asset Management Ltd lifted its position in U.S. Bancorp by 8,676.4% in the 1st quarter. Magellan Asset Management Ltd now owns 12,904,961 shares of the financial services provider’s stock valued at $685,899,000 after acquiring an additional 12,757,920 shares in the last quarter. FMR LLC lifted its position in U.S. Bancorp by 32.0% in the 2nd quarter. FMR LLC now owns 23,223,435 shares of the financial services provider’s stock valued at $1,068,742,000 after acquiring an additional 5,628,247 shares in the last quarter. First Trust Advisors LP lifted its position in U.S. Bancorp by 237.2% in the 1st quarter. First Trust Advisors LP now owns 5,112,295 shares of the financial services provider’s stock valued at $271,718,000 after acquiring an additional 3,596,021 shares in the last quarter. Invesco Ltd. lifted its position in U.S. Bancorp by 50.2% in the 1st quarter. Invesco Ltd. now owns 9,856,817 shares of the financial services provider’s stock valued at $523,890,000 after acquiring an additional 3,295,524 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in U.S. Bancorp by 89.0% in the 2nd quarter. Federated Hermes Inc. now owns 5,621,335 shares of the financial services provider’s stock valued at $258,694,000 after acquiring an additional 2,646,898 shares in the last quarter. 74.93% of the stock is owned by institutional investors.
About U.S. Bancorp
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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