U.S. Bancorp Director Arthur Collins Jr Sells 13,206 Shares (USB)
U.S. Bancorp (NYSE:USB) Director Arthur Collins, Jr. sold 13,206 shares of U.S. Bancorp stock on the open market in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $37.74, for a total transaction of $498,394.44. Following the transaction, the director now directly owns 49,091 shares in the company, valued at approximately $1,852,694. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of U.S. Bancorp (NYSE:USB) traded up 0.08% during mid-day trading on Friday, hitting $37.83. 7,446,596 shares of the company’s stock traded hands. U.S. Bancorp has a one year low of $30.96 and a one year high of $37.97. The stock has a 50-day moving average of $36.94 and a 200-day moving average of $35.27. The company has a market cap of $69.305 billion and a P/E ratio of 12.73.
U.S. Bancorp (NYSE:USB) last released its earnings data on Wednesday, October 16th. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter last year, the company posted $0.74 earnings per share. U.S. Bancorp’s revenue was down 5.6% compared to the same quarter last year.
A number of analysts have recently weighed in on USB shares. Analysts at Deutsche Bank downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $38.00 price target on the stock, down previously from $41.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note to investors on Thursday, October 17th. They now have a $39.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of U.S. Bancorp from $38.00 to $39.00 in a research note to investors on Thursday, October 17th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.46.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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