U.S. Bancorp $USB Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 2.1% during the 3rd quarter, Holdings Channel reports. The firm owned 767,816 shares of the financial services provider’s stock after selling 16,848 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in U.S. Bancorp were worth $37,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. Parcion Private Wealth LLC increased its position in shares of U.S. Bancorp by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock valued at $2,581,000 after acquiring an additional 218 shares during the period. Bogart Wealth LLC increased its holdings in shares of U.S. Bancorp by 4.4% in the third quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 234 shares during the period. Hoxton Planning & Management LLC increased its holdings in shares of U.S. Bancorp by 3.4% in the third quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 234 shares during the period. Allen Mooney & Barnes Investment Advisors LLC raised its stake in shares of U.S. Bancorp by 0.5% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock worth $2,092,000 after purchasing an additional 235 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its holdings in shares of U.S. Bancorp by 3.5% during the second quarter. Crestwood Advisors Group LLC now owns 7,021 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. DA Davidson upped their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Wolfe Research cut shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a report on Thursday, October 23rd. Finally, Barclays lifted their price objective on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average target price of $59.79.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB opened at $58.16 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19. The stock’s 50-day moving average price is $55.68 and its 200-day moving average price is $50.56. The stock has a market capitalization of $90.41 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. U.S. Bancorp’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.