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

U.S. Bancorp (NYSE:USB) insider Stephen Philipson sold 36,906 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the transaction, the insider 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 legal filing with the SEC, which can be accessed through this link.

U.S. Bancorp Trading Up 0.9%

Shares of NYSE:USB traded up $0.59 during midday trading on Tuesday, reaching $64.08. 1,493,769 shares of the company’s stock were exchanged, compared to its average volume of 9,944,579. The firm’s 50 day simple moving average is $59.09 and its two-hundred day simple moving average is $56.48. U.S. Bancorp has a fifty-two week low of $43.46 and a fifty-two week 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. The stock has a market cap of $99.39 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.05 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The business had revenue of $7.71 billion during 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 period last year, the business earned $1.11 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 41.52%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday, July 21st. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. BTIG Research set a $67.50 price objective on U.S. Bancorp in a research report on Monday, July 20th. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Finally, Truist Financial raised their target price on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.00.

Institutional Investors Weigh In On U.S. Bancorp

Institutional investors have recently made changes to their positions in the stock. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp during the fourth quarter worth $25,000. Financial Life Planners acquired a new position in shares of U.S. Bancorp in the first quarter valued at approximately $27,000. Main Street Group LTD purchased a new position in shares of U.S. Bancorp during the 1st quarter worth $28,000. JPL Wealth Management LLC purchased a new position in U.S. Bancorp during the third quarter worth about $28,000. Finally, Binnacle Investments Inc boosted its position in shares of U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 273 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

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.