U.S. Bancorp (NYSE:USB) CFO Terrance R. Dolan sold 17,200 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $58.59, for a total transaction of $1,007,748.00. Following the completion of the transaction, the chief financial officer now owns 111,404 shares in the company, valued at approximately $6,527,160.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:USB opened at $59.09 on Monday. The company’s 50 day moving average price is $55.95 and its two-hundred day moving average price is $53.85. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $59.71. The firm has a market cap of $91.48 billion, a PE ratio of 14.41, a PEG ratio of 2.25 and a beta of 1.11. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that U.S. Bancorp will post 4.34 EPS for the current year.

A number of brokerages recently commented on USB. Citigroup lowered shares of U.S. Bancorp from a “neutral” rating to a “sell” rating and decreased their price target for the company from $54.00 to $49.00 in a research note on Tuesday, October 8th. UBS Group upped their price target on shares of U.S. Bancorp from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Macquarie lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research note on Thursday, August 1st. Bank of America lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $55.00 to $53.00 in a research note on Monday, September 30th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $55.00 price target on shares of U.S. Bancorp in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.67.

Several large investors have recently made changes to their positions in the business. Northern Trust Corp boosted its position in shares of U.S. Bancorp by 0.8% during the 2nd quarter. Northern Trust Corp now owns 20,491,980 shares of the financial services provider’s stock worth $1,073,779,000 after acquiring an additional 171,826 shares in the last quarter. Daily Journal Corp boosted its position in shares of U.S. Bancorp by 9,900.0% during the 2nd quarter. Daily Journal Corp now owns 14,000,000 shares of the financial services provider’s stock worth $7,336,000 after acquiring an additional 13,860,000 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of U.S. Bancorp by 2.4% during the 2nd quarter. Janus Henderson Group PLC now owns 13,382,530 shares of the financial services provider’s stock worth $701,230,000 after acquiring an additional 310,818 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of U.S. Bancorp by 17,492.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 12,734,464 shares of the financial services provider’s stock worth $667,286,000 after acquiring an additional 12,662,079 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of U.S. Bancorp by 4.2% during the 2nd quarter. Fiera Capital Corp now owns 9,521,304 shares of the financial services provider’s stock worth $498,916,000 after acquiring an additional 387,833 shares in the last quarter. Hedge funds and other institutional investors own 75.48% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Further Reading: Convertible Shares

Insider Buying and Selling by Quarter for U.S. Bancorp (NYSE:USB)

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