Insider Selling: U.S. Bancorp (NYSE:USB) EVP Sells 21,451 Shares of Stock

U.S. Bancorp (NYSE:USB) EVP James L. Chosy sold 21,451 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

U.S. Bancorp Price Performance

NYSE:USB traded down $0.52 during mid-day trading on Friday, reaching $47.22. The stock had a trading volume of 7,668,652 shares, compared to its average volume of 9,762,369. The stock has a 50-day simple moving average of $49.21 and a two-hundred day simple moving average of $47.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The stock has a market capitalization of $73.66 billion, a PE ratio of 12.46, a P/E/G ratio of 1.77 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. On average, equities analysts anticipate that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. U.S. Bancorp’s payout ratio is presently 52.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp in the fourth quarter valued at $26,000. Winch Advisory Services LLC lifted its stake in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the period. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp during the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its holdings in U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on USB. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Thursday, October 24th. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Stephens raised their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Truist Financial assumed coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.21.

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.