Clean Yield Group Decreases Position in U.S. Bancorp (NYSE:USB)

Clean Yield Group lowered its position in shares of U.S. Bancorp (NYSE:USB) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,548 shares of the financial services provider’s stock after selling 1,000 shares during the period. Clean Yield Group’s holdings in U.S. Bancorp were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wedmont Private Capital boosted its position in shares of U.S. Bancorp by 19.8% during the fourth quarter. Wedmont Private Capital now owns 22,913 shares of the financial services provider’s stock valued at $1,086,000 after buying an additional 3,790 shares during the last quarter. Thomasville National Bank grew its stake in shares of U.S. Bancorp by 1.7% in the fourth quarter. Thomasville National Bank now owns 662,228 shares of the financial services provider’s stock worth $31,674,000 after acquiring an additional 11,043 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of U.S. Bancorp by 18.9% during the fourth quarter. Capital Investment Advisors LLC now owns 7,149 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 1,135 shares during the last quarter. Brookstone Capital Management lifted its position in U.S. Bancorp by 7.1% during the fourth quarter. Brookstone Capital Management now owns 244,688 shares of the financial services provider’s stock valued at $11,703,000 after purchasing an additional 16,293 shares during the period. Finally, Fiduciary Alliance LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $296,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 1.6 %

USB traded up $0.76 on Monday, hitting $48.14. The company had a trading volume of 4,414,625 shares, compared to its average volume of 6,365,478. The business’s fifty day simple moving average is $50.20 and its 200 day simple moving average is $46.55. 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 12-month low of $37.81 and a 12-month high of $53.98. The company has a market cap of $75.10 billion, a PE ratio of 14.72, a PEG ratio of 3.01 and a beta of 1.05.

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

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.15%. U.S. Bancorp’s payout ratio is 61.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on USB shares. Morgan Stanley raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $54.00 to $57.00 in a report on Monday, September 30th. Wells Fargo & Company raised their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays increased their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Truist Financial started coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price for the company. Finally, Oppenheimer cut their price objective on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.07.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction on 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 completion of the sale, the insider now directly owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Profile

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.