Trade Report: The Insider Selling: U.S. Bancorp (USB) EVP Sold $2,409,403.50 in Stock

The Insider Selling: U.S. Bancorp (USB) EVP Sold $2,409,403.50 in Stock

U.S. Bancorp (NYSE:USB) EVP Jennie P. Carlson sold 54,635 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $44.10, for a total transaction of $2,409,403.50. Following the completion of the transaction, the executive vice president now owns 91,006 shares in the company, valued at $4,013,364.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of U.S. Bancorp (NYSE:USB) opened at 44.64 on Monday. The firm has a 50-day moving average of $43.31 and a 200 day moving average of $42.37. The firm has a market cap of $76.11 billion, a PE ratio of 13.82 and a beta of 0.82. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $45.14.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that U.S. Bancorp will post $3.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. U.S. Bancorp’s payout ratio is presently 34.68%.

A number of research analysts recently issued reports on USB shares. Nomura reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Saturday, July 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Saturday, July 9th. Drexel Hamilton reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, July 18th. Finally, FBR & Co reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. U.S. Bancorp presently has an average rating of “Hold” and an average target price of $45.47.

Large investors have recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in shares of U.S. Bancorp by 0.3% in the second quarter. WFG Advisors LP now owns 4,886 shares of the financial services provider’s stock worth $197,000 after buying an additional 13 shares during the last quarter. Hudock Capital Group LLC boosted its stake in shares of U.S. Bancorp by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,734 shares of the financial services provider’s stock worth $150,000 after buying an additional 19 shares during the last quarter. Montecito Bank & Trust boosted its stake in shares of U.S. Bancorp by 0.3% in the second quarter. Montecito Bank & Trust now owns 7,837 shares of the financial services provider’s stock worth $316,000 after buying an additional 25 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of U.S. Bancorp by 0.6% in the third quarter. Alpha Windward LLC now owns 6,179 shares of the financial services provider’s stock worth $265,000 after buying an additional 35 shares during the last quarter. Finally, D. Scott Neal Inc. boosted its stake in shares of U.S. Bancorp by 0.5% in the second quarter. D. Scott Neal Inc. now owns 7,590 shares of the financial services provider’s stock worth $306,000 after buying an additional 41 shares during the last quarter. 72.56% of the stock is owned by institutional investors.

U.S. Bancorp Company Profile

Related posts

Leave a Comment