John R. Elmore Sells 19,418 Shares of U.S. Bancorp (USB) Stock
U.S. Bancorp (NYSE:USB) Vice Chairman John R. Elmore sold 19,418 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $53.59, for a total value of $1,040,610.62. Following the completion of the sale, the insider now owns 78,953 shares in the company, valued at approximately $4,231,091.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of U.S. Bancorp stock traded up $0.66 during mid-day trading on Thursday, reaching $54.66. 9,758,867 shares of the stock traded hands, compared to its average volume of 7,021,270. U.S. Bancorp has a fifty-two week low of $48.49 and a fifty-two week high of $58.50. The stock has a market capitalization of $85.52 billion, a P/E ratio of 15.98, a PEG ratio of 1.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Bancorp will post 4.1 EPS for the current fiscal year.
USB has been the subject of a number of analyst reports. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Nomura reduced their price target on U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, October 18th. Citigroup cut U.S. Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, November 2nd. Finally, Oppenheimer raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.36.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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