U.S. Bancorp (NYSE:USB) Insider Sells $2,328,030.48 in Stock

U.S. Bancorp (NYSE:USB) insider Stephen Philipson sold 36,906 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company’s stock, valued at $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

U.S. Bancorp Stock Performance

Shares of USB opened at $62.92 on Friday. U.S. Bancorp has a 1 year low of $43.46 and a 1 year high of $64.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The stock’s fifty day moving average price is $59.65 and its two-hundred day moving average price is $56.65. The firm has a market cap of $97.60 billion, a PE ratio of 12.56, a PEG ratio of 1.03 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the prior year, the company earned $1.11 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on USB shares. CLSA set a $67.50 price objective on shares of U.S. Bancorp in a research note on Monday, July 20th. Stephens increased their target price on U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price target on U.S. Bancorp from $67.50 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays boosted their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Truist Financial increased their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $67.06.

Institutional Trading of U.S. Bancorp

A number of large investors have recently modified their holdings of USB. Clayton Financial Group LLC bought a new position in U.S. Bancorp in the fourth quarter valued at $25,000. Financial Life Planners bought a new stake in U.S. Bancorp during the first quarter worth about $27,000. Main Street Group LTD bought a new stake in U.S. Bancorp during the first quarter worth about $28,000. Rossby Financial LCC boosted its holdings in shares of U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 212 shares in the last quarter. Finally, NFSG Corp bought a new position in shares of U.S. Bancorp during the 1st quarter valued at about $31,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.