U.S. Bancorp (NYSE:USB) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its holdings in U.S. Bancorp (NYSE:USB) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,168 shares of the financial services provider’s stock after selling 1,491 shares during the quarter. First Horizon Advisors Inc.’s holdings in U.S. Bancorp were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Redmond Asset Management LLC lifted its holdings in U.S. Bancorp by 1.8% in the 4th quarter. Redmond Asset Management LLC now owns 37,227 shares of the financial services provider’s stock valued at $1,781,000 after acquiring an additional 652 shares during the last quarter. Bell Bank lifted its holdings in U.S. Bancorp by 20.4% in the 4th quarter. Bell Bank now owns 5,784 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 982 shares during the last quarter. LifeSteps Financial Inc. lifted its holdings in U.S. Bancorp by 1.2% in the 4th quarter. LifeSteps Financial Inc. now owns 51,417 shares of the financial services provider’s stock valued at $2,459,000 after acquiring an additional 600 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $208,000. Finally, Bank of Stockton lifted its holdings in U.S. Bancorp by 10.1% in the 4th quarter. Bank of Stockton now owns 14,656 shares of the financial services provider’s stock valued at $701,000 after acquiring an additional 1,345 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on USB. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Barclays upped their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Truist Financial began coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Finally, Oppenheimer upped their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Price Performance

Shares of USB opened at $45.57 on Tuesday. The firm has a market cap of $71.08 billion, a PE ratio of 12.02, a PEG ratio of 1.73 and a beta of 1.04. The firm’s 50 day moving average price is $48.08 and its 200 day moving average price is $47.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.39%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 over the last 90 days. Insiders own 0.23% of the company’s stock.

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.