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Arizona State Retirement System Sells 18,345 Shares of U.S. Bancorp $USB
The Arizona State Retirement System has reduced its stake in U.S. Bancorp by 4.0%, selling 18,345 shares and now holding 436,745 shares valued at approximately $23.31 million. This reduction comes as U.S. Bancorp exceeded quarterly earnings expectations with $1.18 EPS and $7.32 billion in revenue, and it offers a quarterly dividend of $0.52 per share. Analyst ratings for the stock currently average a “Moderate Buy” with a consensus target price of $61.18, despite recent insider share sales.