U.S. Bancorp $USB Stock Position Decreased by US Bancorp DE

US Bancorp DE cut its position in shares of U.S. Bancorp (NYSE:USB) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,095,051 shares of the financial services provider’s stock after selling 102,224 shares during the period. US Bancorp DE’s holdings in U.S. Bancorp were worth $378,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clayton Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth about $25,000. Guerra Advisors Inc purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $25,000. Financial Life Planners purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $26,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $28,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a research note on Wednesday, February 4th. TD Cowen increased their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Keefe, Bruyette & Woods increased their price objective on U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. HSBC reissued a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. Finally, Truist Financial lowered their price objective on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $61.23.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $56.11 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $87.09 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.01 and a beta of 1.01. The business’s 50-day simple moving average is $54.12 and its 200-day simple moving average is $52.84. U.S. Bancorp has a 52 week low of $39.28 and a 52 week high of $61.19.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. As a group, equities research analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the sale, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. This trade represents a 24.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

About U.S. Bancorp

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.