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.

Institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. increased its holdings in shares of U.S. Bancorp by 1.7% in the third quarter. Raymond James Trust N.A. now owns 56,930 shares of the financial services provider’s stock valued at $3,007,000 after purchasing an additional 953 shares during the last quarter. Marathon Capital Management increased its holdings in shares of U.S. Bancorp by 5.1% in the third quarter. Marathon Capital Management now owns 20,090 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 975 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of U.S. Bancorp by 1.8% in the third quarter. Ancora Advisors LLC now owns 56,042 shares of the financial services provider’s stock valued at $2,959,000 after purchasing an additional 988 shares during the last quarter. Field & Main Bank increased its holdings in shares of U.S. Bancorp by 49.9% in the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Auxier Asset Management increased its holdings in shares of U.S. Bancorp by 8.6% in the second quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 1,000 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

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

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