Jodi Richard Sells 40,000 Shares of U.S. Bancorp (NYSE:USB) Stock

U.S. Bancorp (NYSE:USB) insider Jodi Richard sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

U.S. Bancorp Price Performance

NYSE:USB opened at $56.65 on Friday. U.S. Bancorp has a 52 week low of $39.26 and a 52 week high of $61.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $87.94 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.01. The stock’s 50-day moving average price is $54.29 and its 200-day moving average price is $52.55.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that U.S. Bancorp will post 5.08 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.

Institutional Investors Weigh In On U.S. Bancorp

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after buying an additional 1,828,404 shares in the last quarter. State Street Corp grew its holdings in shares of U.S. Bancorp by 0.8% during the fourth quarter. State Street Corp now owns 69,701,898 shares of the financial services provider’s stock worth $3,755,083,000 after buying an additional 522,368 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of U.S. Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider’s stock worth $2,002,518,000 after buying an additional 443,646 shares in the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth $1,887,497,000. Finally, Auto Owners Insurance Co grew its holdings in shares of U.S. Bancorp by 5,236.0% during the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock worth $1,779,556,000 after buying an additional 32,725,000 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on USB. TD Cowen lifted their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Barclays lifted their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Jefferies Financial Group reiterated a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 16th. UBS Group reiterated a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Finally, Evercore lifted their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.18.

About U.S. Bancorp

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.