U.S. Bancorp (NYSE:USB) EVP Mark G. Runkel sold 9,058 shares of U.S. Bancorp stock in a transaction on Wednesday, April 21st. The shares were sold at an average price of $56.85, for a total value of $514,947.30. Following the completion of the transaction, the executive vice president now owns 36,572 shares of the company’s stock, valued at $2,079,118.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
USB stock traded down $0.83 during midday trading on Thursday, hitting $56.16. The company’s stock had a trading volume of 6,038,834 shares, compared to its average volume of 7,883,177. The company has a market cap of $84.38 billion, a PE ratio of 18.87, a P/E/G ratio of 2.26 and a beta of 1.09. U.S. Bancorp has a 12 month low of $28.36 and a 12 month high of $58.46. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average is $55.22 and its 200-day moving average is $47.25.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 14th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.49. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.53 billion. U.S. Bancorp had a return on equity of 10.99% and a net margin of 18.68%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. Analysts expect that U.S. Bancorp will post 3.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, March 30th. This represents a $1.68 annualized dividend and a dividend yield of 2.99%. U.S. Bancorp’s payout ratio is 38.71%.
Large investors have recently bought and sold shares of the company. Vantage Consulting Group Inc purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth $27,000. Field & Main Bank purchased a new stake in U.S. Bancorp in the 4th quarter worth $27,000. Salem Investment Counselors Inc. increased its stake in U.S. Bancorp by 92.3% in the 4th quarter. Salem Investment Counselors Inc. now owns 600 shares of the financial services provider’s stock worth $28,000 after buying an additional 288 shares in the last quarter. Diversified LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth $28,000. Finally, Valley Brook Capital Group purchased a new stake in U.S. Bancorp in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 71.73% of the company’s stock.
Several equities analysts have recently weighed in on USB shares. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price target on shares of U.S. Bancorp in a research report on Thursday, March 25th. Odeon Capital Group raised U.S. Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 24th. Credit Suisse Group lifted their price objective on U.S. Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley lifted their price target on U.S. Bancorp from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Barclays lifted their price target on U.S. Bancorp from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 7th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.88.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services 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. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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