U.S. Bancorp (NYSE:USB) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in U.S. Bancorp (NYSE:USB) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,985 shares of the financial services provider’s stock after selling 459 shares during the period. Mutual Advisors LLC’s holdings in U.S. Bancorp were worth $2,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Evergreen Capital Management LLC increased its holdings in shares of U.S. Bancorp by 8.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 14,736 shares of the financial services provider’s stock worth $592,000 after buying an additional 1,183 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in U.S. Bancorp by 60.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 298,494 shares of the financial services provider’s stock worth $11,850,000 after acquiring an additional 111,894 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of U.S. Bancorp by 3.5% in the 2nd quarter. Toronto Dominion Bank now owns 816,960 shares of the financial services provider’s stock valued at $32,433,000 after purchasing an additional 27,989 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of U.S. Bancorp during the 2nd quarter worth $2,404,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $86,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Truist Financial assumed coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective on the stock. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Finally, Oppenheimer boosted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Stock Down 0.4 %

USB opened at $48.44 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The stock has a market capitalization of $75.56 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.83 and a beta of 1.05. The business has a 50 day simple moving average of $50.05 and a 200-day simple moving average of $47.03.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. 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 dividend payout ratio (DPR) is 52.77%.

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.