Andrew Cecere Sells 102,044 Shares of U.S. Bancorp (NYSE:USB) Stock

U.S. Bancorp (NYSE:USB) CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

U.S. Bancorp Stock Performance

Shares of USB opened at $47.69 on Friday. The company has a 50-day simple moving average of $49.33 and a two-hundred day simple moving average of $47.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $74.40 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Freestone Capital Holdings LLC increased its stake in shares of U.S. Bancorp by 12.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 6,463 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 726 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in shares of U.S. Bancorp by 1,038.6% in the 4th quarter. Washington Trust Advisors Inc. now owns 3,746 shares of the financial services provider’s stock worth $179,000 after buying an additional 3,417 shares during the last quarter. Raymond James Financial Inc. bought a new position in U.S. Bancorp during the 4th quarter valued at approximately $184,733,000. Promus Capital LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at $287,000. Finally, First Business Financial Services Inc. boosted its holdings in U.S. Bancorp by 39.0% in the fourth quarter. First Business Financial Services Inc. now owns 12,571 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 3,529 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on USB. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Thursday, December 19th. Royal Bank of Canada set a $53.00 price target on shares of U.S. Bancorp in a research report on Thursday, October 17th. Truist Financial began coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective on the stock. Finally, Evercore ISI increased their target price on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.21.

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.