U.S. Bancorp (NYSE:USB) Insider Leslie V. Godridge Sells 26,084 Shares

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.

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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.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Valmark Advisers Inc. increased its stake in U.S. Bancorp by 5.5% during the 3rd quarter. Valmark Advisers Inc. now owns 7,750 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 404 shares during the period. Cetera Investment Advisers increased its stake in U.S. Bancorp by 21.5% during the 3rd quarter. Cetera Investment Advisers now owns 7,711 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 1,367 shares during the period. Cetera Advisors LLC increased its stake in U.S. Bancorp by 2.4% during the 3rd quarter. Cetera Advisors LLC now owns 38,287 shares of the financial services provider’s stock worth $2,121,000 after acquiring an additional 908 shares during the period. Cetera Advisor Networks LLC increased its stake in U.S. Bancorp by 7.9% during the 3rd quarter. Cetera Advisor Networks LLC now owns 53,260 shares of the financial services provider’s stock worth $2,951,000 after acquiring an additional 3,921 shares during the period. Finally, Trillium Asset Management LLC increased its stake in U.S. Bancorp by 10.2% during the 3rd quarter. Trillium Asset Management LLC now owns 4,960 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 461 shares during the period. Institutional investors own 75.65% of the company’s stock.

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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