U.S. Bancorp (NYSE:USB) EVP Sells $1,099,509.18 in Stock

U.S. Bancorp (NYSE:USB - Get Free Report) EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

U.S. Bancorp Stock Performance

NYSE:USB traded up $0.22 during trading hours on Friday, reaching $46.28. The stock had a trading volume of 4,524,971 shares, compared to its average volume of 10,925,454. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The stock has a 50 day simple moving average of $44.96 and a 200 day simple moving average of $44.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $72.10 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company earned $0.98 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.32%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio is 47.85%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on USB shares. Keefe, Bruyette & Woods lowered their target price on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Evercore ISI increased their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. The Goldman Sachs Group upped their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada lowered their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.50.

Institutional Investors Weigh In On U.S. Bancorp

Large investors have recently added to or reduced their stakes in the business. Saudi Central Bank bought a new stake in U.S. Bancorp during the first quarter valued at $26,000. Westend Capital Management LLC bought a new stake in U.S. Bancorp during the first quarter valued at $27,000. REAP Financial Group LLC boosted its stake in U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the period. Millstone Evans Group LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in U.S. Bancorp during the fourth quarter valued at $32,000. Institutional investors own 77.60% of the company's stock.

About U.S. Bancorp

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.