U.S. Bancorp (NYSE:USB) EVP James Chosy Sells 26,909 Shares

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

U.S. Bancorp Stock Up 1.1%

Shares of NYSE USB opened at $47.64 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The firm’s 50-day moving average price is $48.02 and its 200-day moving average price is $44.95. The stock has a market capitalization of $74.14 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.27 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, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The company 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 firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is currently 47.60%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup raised their price target on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial lifted their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Friday, October 17th. Evercore ISI upped their price target on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Morgan Stanley reissued a “positive” rating on shares of U.S. Bancorp in a research note on Friday. Finally, Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.48.

Institutional Investors Weigh In On U.S. Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC grew its stake in U.S. Bancorp by 1.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 19,784 shares of the financial services provider’s stock worth $956,000 after acquiring an additional 367 shares in the last quarter. Penobscot Investment Management Company Inc. raised its stake in shares of U.S. Bancorp by 12.9% during the third quarter. Penobscot Investment Management Company Inc. now owns 12,231 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 1,400 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of U.S. Bancorp by 15.6% in the third quarter. Fulton Bank N.A. now owns 55,176 shares of the financial services provider’s stock valued at $2,667,000 after purchasing an additional 7,440 shares during the period. Synergy Asset Management LLC grew its stake in U.S. Bancorp by 100.0% in the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock worth $5,428,000 after purchasing an additional 59,981 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in U.S. Bancorp by 757.8% during the 3rd quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider’s stock worth $8,622,000 after purchasing an additional 155,925 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

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.