U.S. Bancorp (USB) EVP Sells $22,485.00 in Stock
U.S. Bancorp (NYSE:USB) EVP Craig E. Gifford sold 500 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $44.97, for a total value of $22,485.00. Following the completion of the sale, the executive vice president now owns 49,381 shares in the company, valued at $2,220,663.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of U.S. Bancorp (NYSE:USB) opened at 47.90 on Monday. The company’s 50-day moving average price is $43.92 and its 200 day moving average price is $42.62. The firm has a market capitalization of $81.67 billion, a PE ratio of 14.83 and a beta of 0.80. U.S. Bancorp has a 12-month low of $37.07 and a 12-month high of $48.50.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. U.S. Bancorp had a return on equity of 13.92% and a net margin of 26.24%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that U.S. Bancorp will post $3.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 2.34%. U.S. Bancorp’s dividend payout ratio is 34.68%.
USB has been the topic of a number of analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Friday, September 16th. Piper Jaffray Cos. restated an “overweight” rating and set a $47.00 target price (up previously from $46.00) on shares of U.S. Bancorp in a report on Tuesday, July 19th. Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Wedbush initiated coverage on U.S. Bancorp in a report on Thursday, October 6th. They set a “neutral” rating and a $46.00 target price on the stock. Finally, Portales Partners upgraded U.S. Bancorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.47.
Several hedge funds have recently modified their holdings of USB. Chicago Partners Investment Group LLC increased its stake in shares of U.S. Bancorp by 13.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,606 shares of the financial services provider’s stock valued at $105,000 after buying an additional 306 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $106,000. First Personal Financial Services increased its stake in shares of U.S. Bancorp by 40.7% in the second quarter. First Personal Financial Services now owns 2,784 shares of the financial services provider’s stock valued at $112,000 after buying an additional 806 shares during the period. Bellwether Investment Group LLC bought a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $116,000. Finally, Guidant Wealth Advisors bought a new stake in shares of U.S. Bancorp during the third quarter valued at approximately $147,000. 72.93% of the stock is owned by hedge funds and other institutional investors.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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