U.S. Bancorp (NYSE:USB) Director David B. Omaley sold 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $55.60, for a total transaction of $556,000.00. Following the completion of the sale, the director now directly owns 231,682 shares in the company, valued at $12,881,519.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
U.S. Bancorp (USB) traded down $0.88 during trading on Wednesday, hitting $53.27. 6,251,263 shares of the stock traded hands, compared to its average volume of 7,031,667. The company has a market capitalization of $90,871.13, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.81 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $58.50.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. research analysts expect that U.S. Bancorp will post 4.05 earnings per share for the current year.
USB has been the topic of several recent analyst reports. UBS Group cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and upped their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 12th. Barclays boosted their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Friday, January 5th. Vining Sparks reiterated a “buy” rating and set a $64.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Finally, Jefferies Group reiterated a “buy” rating and set a $63.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.64.
Institutional investors have recently added to or reduced their stakes in the company. Virtue Capital Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth about $102,000. Meeder Asset Management Inc. acquired a new stake in U.S. Bancorp in the fourth quarter worth about $106,000. Delpha Capital Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth about $109,000. James Hambro & Partners acquired a new stake in U.S. Bancorp in the fourth quarter worth about $110,000. Finally, Horan Capital Advisors LLC. acquired a new stake in U.S. Bancorp in the third quarter worth about $112,000. Institutional investors and hedge funds own 74.42% of the company’s stock.
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U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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