U.S. Bancorp (NYSE:USB) Insider Mark Runkel Sells 32,195 Shares of Stock

U.S. Bancorp (NYSE:USB) insider Mark Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

U.S. Bancorp Stock Down 0.4%

U.S. Bancorp stock opened at $60.42 on Tuesday. The business has a fifty day moving average of $54.79 and a two-hundred day moving average of $50.01. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $93.92 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.09 and a beta of 1.06. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $60.91.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.52 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. U.S. Bancorp’s payout ratio is currently 45.02%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on USB shares. The Goldman Sachs Group set a $52.00 price objective on shares of U.S. Bancorp and gave the stock a “neutral” rating in a research report on Friday, October 17th. Citigroup lifted their price target on shares of U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 17th. UBS Group reiterated a “neutral” rating and set a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. Evercore raised their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.79.

Institutional Trading of U.S. Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in U.S. Bancorp by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock valued at $7,810,665,000 after buying an additional 1,828,404 shares during the last quarter. State Street Corp boosted its holdings in shares of U.S. Bancorp by 0.9% in the 3rd quarter. State Street Corp now owns 69,179,530 shares of the financial services provider’s stock valued at $3,378,808,000 after acquiring an additional 648,943 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of U.S. Bancorp by 1.2% in 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 acquiring an additional 443,646 shares during the period. Davis Selected Advisers increased its stake in shares of U.S. Bancorp by 13.4% in the fourth quarter. Davis Selected Advisers now owns 22,041,759 shares of the financial services provider’s stock worth $1,176,148,000 after acquiring an additional 2,610,197 shares during the period. Finally, Norges Bank purchased a new position in shares of U.S. Bancorp during the second quarter worth $971,285,000. Institutional investors and hedge funds 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.