U.S. Bancorp (NYSE:USB) Vice Chairman James B. Kelligrew sold 20,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the transaction, the insider now owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of USB opened at $51.21 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $81.95 billion, a PE ratio of 12.49, a P/E/G ratio of 1.71 and a beta of 1.06. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $55.56.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 4.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.89%. U.S. Bancorp’s dividend payout ratio is presently 36.10%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. HC Financial Advisors Inc. grew its stake in U.S. Bancorp by 5.2% in the 3rd quarter. HC Financial Advisors Inc. now owns 42,967 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 2,143 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of U.S. Bancorp by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 15,961,974 shares of the financial services provider’s stock worth $842,951,000 after purchasing an additional 94,114 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of U.S. Bancorp by 94.6% during the 3rd quarter. Verition Fund Management LLC now owns 17,674 shares of the financial services provider’s stock worth $933,000 after purchasing an additional 8,594 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of U.S. Bancorp by 19.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 91,044 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 14,858 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $335,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

A number of brokerages have commented on USB. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Monday, January 28th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Oppenheimer upped their price objective on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Jefferies Financial Group downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Barclays upped their price objective on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $58.18.

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U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Further Reading: Average Daily Trade Volume Explained

Insider Buying and Selling by Quarter for U.S. Bancorp (NYSE:USB)

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