U.S. Bancorp (NYSE:USB) Shares Sold by Greenfield Savings Bank

Greenfield Savings Bank cut its position in shares of U.S. Bancorp (NYSE:USB) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,165 shares of the financial services provider’s stock after selling 1,893 shares during the period. Greenfield Savings Bank’s holdings in U.S. Bancorp were worth $630,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in U.S. Bancorp by 3.4% in the second quarter. Parallel Advisors LLC now owns 19,860 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 648 shares during the period. Thoroughbred Financial Services LLC grew its holdings in U.S. Bancorp by 128.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 21,609 shares of the financial services provider’s stock valued at $857,000 after buying an additional 12,164 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of U.S. Bancorp by 22.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 146,210 shares of the financial services provider’s stock worth $5,805,000 after acquiring an additional 26,554 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of U.S. Bancorp during the 2nd quarter worth $25,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of U.S. Bancorp by 4.9% in the second quarter. Brown Brothers Harriman & Co. now owns 119,282 shares of the financial services provider’s stock valued at $4,735,000 after purchasing an additional 5,603 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 2.1 %

Shares of USB stock opened at $48.38 on Tuesday. The stock has a market cap of $75.47 billion, a P/E ratio of 14.80, a P/E/G ratio of 3.01 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The business has a fifty day simple moving average of $50.22 and a 200-day simple moving average of $46.61.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts forecast that U.S. Bancorp will post 3.93 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.13%. U.S. Bancorp’s dividend payout ratio is presently 61.16%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Oppenheimer dropped their price objective on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Barclays increased their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Stephens raised their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.07.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.