U.S. Bancorp (NYSE:USB) EVP James L. Chosy Sells 21,451 Shares

U.S. Bancorp (NYSE:USB) EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares in the company, valued at $9,440,751.55. This represents a 9.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $47.22 on Friday. The stock’s 50-day simple moving average is $49.21 and its 200-day simple moving average is $47.42. The firm has a market capitalization of $73.66 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. As a group, equities research analysts forecast that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Institutional Trading of U.S. Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AMF Tjanstepension AB increased its position in U.S. Bancorp by 16.9% during the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after buying an additional 76,914 shares during the period. Czech National Bank grew its position in shares of U.S. Bancorp by 6.9% during the third quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock worth $14,537,000 after acquiring an additional 20,522 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of U.S. Bancorp by 4.7% in the 3rd quarter. Brookstone Capital Management now owns 228,395 shares of the financial services provider’s stock valued at $10,445,000 after acquiring an additional 10,163 shares during the period. Hoxton Planning & Management LLC boosted its stake in U.S. Bancorp by 5.3% during the 3rd quarter. Hoxton Planning & Management LLC now owns 6,597 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 333 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in U.S. Bancorp by 13.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,672 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Finally, Evercore ISI upped their price target on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.21.

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.