Rep. Carol D. Miller Sells Off Shares of U.S. Bancorp (NYSE:USB)

Representative Carol D. Miller (R-West Virginia) recently sold shares of U.S. Bancorp NYSE: USB. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in U.S. Bancorp stock on March 10th. The trade occurred in the Representative's "MATT MILLER INVESTMENT MANAGEMENT ACCOUNT" account.

Representative Carol D. Miller also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Aflac NYSE: AFL on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Lockheed Martin NYSE: LMT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 3/10/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 3/10/2025.

U.S. Bancorp Trading Up 1.0 %

U.S. Bancorp stock traded up $0.39 during trading on Friday, hitting $38.21. The company had a trading volume of 12,538,530 shares, compared to its average volume of 9,020,816. The stock has a market cap of $59.53 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company's 50 day simple moving average is $42.55 and its 200-day simple moving average is $46.79.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.23%. U.S. Bancorp's payout ratio is currently 49.50%.

Insider Buying and Selling

In related news, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 198,127 shares of the company's stock, valued at $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on USB shares. DA Davidson cut their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods cut their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday. Oppenheimer upped their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, Wells Fargo & Company decreased their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.66.

Hedge Funds Weigh In On U.S. Bancorp

Several institutional investors have recently bought and sold shares of the company. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp in the 4th quarter valued at approximately $26,000. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after buying an additional 490 shares during the period. FPC Investment Advisory Inc. purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates grew its holdings in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at about $30,000. 77.60% of the stock is owned by institutional investors and hedge funds.

About Representative Miller

Carol Miller (Republican Party) is a member of the U.S. House, representing West Virginia's 1st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Miller (Republican Party) ran for re-election to the U.S. House to represent West Virginia's 1st Congressional District. She won in the general election on November 5, 2024. West Virginia's 3rd Congressional District race was identified as a 2018 battleground that might have affected partisan control of the U.S. House in the 116th Congress. Incumbent Evan Jenkins (R) did not seek re-election in 2018, leaving the seat open. In the campaign, Miller emphasized her endorsement by President Donald Trump (R). Lara Trump, Senior Advisor to Donald J. Trump for President, Inc., said, "Carol is pro-coal, pro-Second Amendment, and pro-Trump through and through, and is prepared to tackle the opioid epidemic that’s affected countless West Virginians." Miller also supported the construction of a wall on the southern U.S. border and the Tax Cuts and Jobs Act (TCJA). Miller is a former Republican member of the West Virginia House of Delegates, representing District 16 from 2006 to 2018. Miller has also worked in real estate and owns a bison farm. Carol Miller was born in Columbus, Ohio. Miller graduated from Bexley High School in 1968. She earned a B.S. from Columbia College in 1972. Her career experience includes owning and operating Swann Ridge Bison Farm and working as a real estate manager.

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.