U.S. Bancorp (NYSE:USB) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,405 shares of the financial services provider’s stock after selling 365 shares during the period. Hall Laurie J Trustee’s holdings in U.S. Bancorp were worth $402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Grove Bank & Trust raised its stake in U.S. Bancorp by 18.7% during the fourth quarter. Grove Bank & Trust now owns 32,681 shares of the financial services provider’s stock valued at $1,563,000 after buying an additional 5,149 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $1,344,000. Kelly Financial Services LLC bought a new position in U.S. Bancorp during the fourth quarter worth $3,872,000. Aaron Wealth Advisors LLC boosted its holdings in U.S. Bancorp by 4.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,928 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 335 shares during the period. Finally, HB Wealth Management LLC increased its stake in U.S. Bancorp by 5.2% during the fourth quarter. HB Wealth Management LLC now owns 194,036 shares of the financial services provider’s stock valued at $9,281,000 after purchasing an additional 9,526 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.8 %

Shares of NYSE:USB opened at $48.40 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $75.50 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a 50 day moving average price of $50.18 and a 200 day moving average price of $46.83.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company posted $0.99 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 3.91 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a report on Monday, January 13th. Raymond James upgraded 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, Truist Financial started coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.