U.S. Bancorp (NYSE:USB) EVP Mark G. Runkel sold 9,058 shares of U.S. Bancorp stock in a transaction on Wednesday, April 21st. The shares were sold at an average price of $56.85, for a total value of $514,947.30. Following the sale, the executive vice president now directly owns 36,572 shares of the company’s stock, valued at approximately $2,079,118.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:USB opened at $56.16 on Friday. The firm has a market capitalization of $84.38 billion, a P/E ratio of 18.60, a PEG ratio of 2.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.80. U.S. Bancorp has a one year low of $28.36 and a one year high of $58.46. The company’s 50-day simple moving average is $55.35 and its 200 day simple moving average is $47.35.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 14th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.49. U.S. Bancorp had a return on equity of 10.99% and a net margin of 18.68%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that U.S. Bancorp will post 3.06 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vantage Consulting Group Inc bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $27,000. Field & Main Bank bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $27,000. Diversified LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $28,000. Salem Investment Counselors Inc. boosted its holdings in shares of U.S. Bancorp by 92.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 600 shares of the financial services provider’s stock worth $28,000 after buying an additional 288 shares during the last quarter. Finally, Jeppson Wealth Management LLC purchased a new stake in U.S. Bancorp during the third quarter valued at approximately $31,000. 71.73% of the stock is owned by hedge funds and other institutional investors.
USB has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on U.S. Bancorp from $58.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of U.S. Bancorp from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price target on shares of U.S. Bancorp in a research note on Thursday, March 25th. Credit Suisse Group raised their price objective on U.S. Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. U.S. Bancorp currently has a consensus rating of “Buy” and a consensus target price of $55.88.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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