Stephen Philipson Sells 36,906 Shares of U.S. Bancorp (NYSE:USB) Stock

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

U.S. Bancorp Price Performance

Shares of USB stock opened at $62.86 on Thursday. The firm has a fifty day moving average of $59.49 and a two-hundred day moving average of $56.60. The firm has a market cap of $97.50 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.06 and a beta of 0.96. 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.

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

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is presently 41.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird lifted their target price on U.S. Bancorp from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Jefferies Financial Group upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a research note on Monday, July 6th. Raymond James Financial assumed coverage on shares of U.S. Bancorp in a report on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 price objective for the company. Stephens boosted their target price on shares of U.S. Bancorp from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Finally, CLSA set a $67.50 target price on shares of U.S. Bancorp in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $67.06.

Institutional Trading of U.S. Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clayton Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter worth $25,000. Financial Life Planners bought a new stake in U.S. Bancorp in the first quarter valued at $27,000. Main Street Group LTD acquired a new position in shares of U.S. Bancorp during the first quarter valued at $28,000. Rossby Financial LCC boosted its holdings in shares of U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 212 shares during the period. Finally, NFSG Corp bought a new position in shares of U.S. Bancorp during the first quarter worth about $31,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.