U.S. Bancorp (NYSE:USB) insider Leslie V. Godridge sold 26,084 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.06, for a total value of $1,540,521.04. Following the completion of the sale, the insider now directly owns 65,414 shares of the company’s stock, valued at $3,863,350.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE USB traded up $0.48 during trading hours on Friday, reaching $59.98. 2,607,074 shares of the stock were exchanged, compared to its average volume of 4,562,934. The firm has a market capitalization of $92.81 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $59.77. The stock’s fifty day simple moving average is $56.45 and its 200 day simple moving average is $54.04.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share. Research analysts predict that U.S. Bancorp will post 4.34 EPS for the current fiscal year.
A number of analysts have recently issued reports on USB shares. JPMorgan Chase & Co. raised their price objective on U.S. Bancorp from $55.50 to $58.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank set a $59.00 price objective on U.S. Bancorp and gave the company a “hold” rating in a research report on Friday, July 26th. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $55.00 to $53.00 in a research report on Monday, September 30th. Morgan Stanley reiterated a “sell” rating and set a $62.00 target price (up previously from $61.00) on shares of U.S. Bancorp in a research note on Monday. Finally, UBS Group increased their target price on U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $57.07.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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