U.S. Bancorp (NYSE:USB) Stock Holdings Trimmed by Hardy Reed LLC

Hardy Reed LLC lessened its position in U.S. Bancorp (NYSE:USB) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,964 shares of the financial services provider’s stock after selling 560 shares during the period. Hardy Reed LLC’s holdings in U.S. Bancorp were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of USB. AMF Tjanstepension AB raised its stake in shares of U.S. Bancorp by 16.9% in the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after buying an additional 76,914 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of U.S. Bancorp by 14.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 12,386 shares of the financial services provider’s stock worth $566,000 after buying an additional 1,519 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of U.S. Bancorp by 235.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 99,600 shares of the financial services provider’s stock worth $4,555,000 after buying an additional 69,934 shares in the last quarter. Signaturefd LLC raised its stake in shares of U.S. Bancorp by 9.0% in the 3rd quarter. Signaturefd LLC now owns 22,099 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 1,829 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in shares of U.S. Bancorp by 3.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 13,777 shares of the financial services provider’s stock worth $630,000 after buying an additional 492 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

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

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $47.10 on Thursday. The business’s 50-day moving average price is $48.38 and its two-hundred day moving average price is $47.61. 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 one year low of $37.81 and a one year high of $53.98. The company has a market capitalization of $73.48 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04.

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

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.25%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USB. Morgan Stanley dropped their price objective on 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. Wells Fargo & Company lifted their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI lifted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

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.