U.S. Bancorp (USB) Vice Chairman Terrance R. Dolan Sells 55,205 Shares
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.
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.
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