Leslie V. Godridge Sells 14,192 Shares of U.S. Bancorp (USB) Stock

U.S. Bancorp (NYSE:USB) Vice Chairman Leslie V. Godridge sold 14,192 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $52.18, for a total transaction of $740,538.56. Following the sale, the insider now directly owns 62,303 shares in the company, valued at approximately $3,250,970.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

U.S. Bancorp (NYSE:USB) traded up 0.85% during mid-day trading on Friday, hitting $51.17. 2,093,692 shares of the stock traded hands. U.S. Bancorp has a 12-month low of $38.47 and a 12-month high of $56.61. The firm has a market cap of $86.24 billion, a PE ratio of 15.50 and a beta of 0.84. The stock has a 50 day moving average price of $51.31 and a 200 day moving average price of $51.61.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.27 billion. U.S. Bancorp had a return on equity of 13.88% and a net margin of 25.89%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, analysts expect that U.S. Bancorp will post $3.48 earnings per share for the current fiscal year.

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

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A number of equities research analysts recently weighed in on USB shares. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 price target on shares of U.S. Bancorp in a research report on Tuesday, April 4th. Zacks Investment Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, March 22nd. Credit Suisse Group AG reissued a “hold” rating and issued a $49.00 price target on shares of U.S. Bancorp in a research report on Wednesday, March 1st. Rafferty Capital Markets cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a report on Thursday, April 20th. Finally, Wells Fargo & Co cut shares of U.S. Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the company from $38.48 to $52.31 in a report on Thursday, May 4th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $49.88.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USB. Douglas Lane & Associates LLC boosted its position in U.S. Bancorp by 26.8% in the third quarter. Douglas Lane & Associates LLC now owns 1,178,597 shares of the financial services provider’s stock worth $50,550,000 after buying an additional 249,321 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its position in shares of U.S. Bancorp by 64.3% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 15,800 shares of the financial services provider’s stock worth $679,000 after buying an additional 6,185 shares during the last quarter. Trillium Asset Management LLC boosted its position in shares of U.S. Bancorp by 8.5% in the third quarter. Trillium Asset Management LLC now owns 5,856 shares of the financial services provider’s stock worth $251,000 after buying an additional 460 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of U.S. Bancorp by 2.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 264,708 shares of the financial services provider’s stock worth $11,353,000 after buying an additional 6,294 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of U.S. Bancorp by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 1,885,179 shares of the financial services provider’s stock worth $80,815,000 after buying an additional 24,552 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

5 Day Chart for NYSE:USB

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