U.S. Bancorp (NYSE:USB) Vice Chairman Terrance R. Dolan sold 55,205 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $47.67, for a total value of $2,631,622.35. Following the completion of the sale, the insider now directly owns 90,188 shares of the company’s stock, valued at approximately $4,299,261.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of U.S. Bancorp (NYSE:USB) traded up 0.76% during mid-day trading on Friday, hitting $49.05. 3,930,204 shares of the company traded hands. The firm has a market cap of $83.37 billion, a price-to-earnings ratio of 15.19 and a beta of 0.80. The firm has a 50-day moving average price of $44.56 and a 200 day moving average price of $42.77. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $49.12.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The business earned $5.39 billion during the quarter, compared to analyst estimates of $5.35 billion. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Equities research analysts anticipate that U.S. Bancorp will post $3.24 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for U.S. Bancorp (NYSE:USB)

Several institutional investors have recently added to or reduced their stakes in USB. Chicago Partners Investment Group LLC raised its position 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 worth $105,000 after buying an additional 306 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of U.S. Bancorp during the second quarter worth $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 worth $112,000 after buying an additional 806 shares during the last quarter. Bellwether Investment Group LLC acquired a new stake in shares of U.S. Bancorp during the second quarter worth $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of U.S. Bancorp by 0.4% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,955 shares of the financial services provider’s stock worth $127,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 72.93% of the company’s stock.

A number of research firms have recently weighed in on USB. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research note on Saturday, September 17th. Jefferies Group reissued a “hold” rating and issued a $44.00 target price on shares of U.S. Bancorp in a research note on Wednesday, August 10th. Royal Bank Of Canada boosted their target price on U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, October 20th. Wedbush assumed coverage on U.S. Bancorp in a research note on Thursday, October 6th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Piper Jaffray Cos. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $45.37.

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.

5 Day Chart for NYSE:USB

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