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U.S. Bancorp (NYSE:USB) EVP Sells $1,916,661.44 in Stock

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Key Points

  • EVP Venkatachari Dilip sold $1,916,661.44 (34,522 shares at $55.52) on May 5, reducing his stake by 40.23% to 51,292 shares (≈$2.85M).
  • U.S. Bancorp beat Q1 estimates with $1.18 EPS vs. $1.14 expected and $7.32B revenue; the stock traded at $56.19 (up 1.1%), has a PE of 11.78 and pays a $0.52 quarterly dividend (≈3.7% yield).
  • Analysts hold a “Moderate Buy” consensus with a $61.20 average target, though some warn valuation and regulatory/interest-rate risks after the stock’s strong one-year gain.
  • Five stocks we like better than U.S. Bancorp.

U.S. Bancorp (NYSE:USB - Get Free Report) EVP Venkatachari Dilip sold 34,522 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares of the company's stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

U.S. Bancorp Stock Up 1.1%

NYSE USB traded up $0.59 during mid-day trading on Wednesday, reaching $56.19. The stock had a trading volume of 9,217,792 shares, compared to its average volume of 10,599,699. U.S. Bancorp has a 1 year low of $41.13 and a 1 year high of $61.19. The stock has a market cap of $87.21 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The company has a fifty day moving average price of $54.04 and a 200 day moving average price of $53.02. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 18.26%. The company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp's payout ratio is presently 43.61%.

Institutional Investors Weigh In On U.S. Bancorp

A number of hedge funds have recently modified their holdings of USB. Brighton Jones LLC grew its position in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after acquiring an additional 36,863 shares during the period. Empowered Funds LLC grew its position in shares of U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider's stock valued at $1,453,000 after acquiring an additional 714 shares during the period. Intech Investment Management LLC grew its position in shares of U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider's stock valued at $1,658,000 after acquiring an additional 6,252 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $425,000. Finally, Nebula Research & Development LLC bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $701,000. Institutional investors own 77.60% of the company's stock.

More U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Evercore boosted their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an "in-line" rating in a research note on Thursday, February 5th. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. Barclays boosted their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. Finally, Wolfe Research lowered shares of U.S. Bancorp from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.20.

View Our Latest Stock Analysis on USB

About U.S. Bancorp

(Get Free Report)

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.

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