Insider Selling: U.S. Bancorp (NYSE:USB) EVP Sells $1,260,955.74 in Stock

U.S. Bancorp (NYSE:USB) EVP James Chosy sold 26,909 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the sale, the executive vice president owned 226,375 shares in the company, valued at $10,607,932.50. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $47.84 on Friday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm’s 50-day simple moving average is $48.05 and its 200 day simple moving average is $45.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10. The stock has a market cap of $74.45 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.26 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The business had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.52 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.60%.

Analyst Ratings Changes

A number of research analysts recently issued reports on USB shares. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $51.00 to $57.00 in a report on Monday, July 7th. UBS Group lifted their target price on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Evercore ISI lifted their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Bank of America lifted their target price on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.55.

Hedge Funds Weigh In On U.S. Bancorp

A number of institutional investors have recently bought and sold shares of USB. Norges Bank purchased a new position in U.S. Bancorp in the 2nd quarter worth about $971,285,000. Davis Selected Advisers grew its holdings in shares of U.S. Bancorp by 29.8% during the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock valued at $874,757,000 after acquiring an additional 4,442,623 shares in the last quarter. Nuveen LLC purchased a new position in shares of U.S. Bancorp during the 1st quarter valued at $138,183,000. Arrowstreet Capital Limited Partnership grew its stake in shares of U.S. Bancorp by 1,589.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after buying an additional 3,266,724 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after buying an additional 2,393,383 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.