Kentucky Trust Co Takes $7.53 Million Position in U.S. Bancorp (NYSE:USB)

Kentucky Trust Co bought a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 157,416 shares of the financial services provider’s stock, valued at approximately $7,529,000. U.S. Bancorp accounts for about 4.4% of Kentucky Trust Co’s portfolio, making the stock its 3rd biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in USB. Signet Investment Advisory Group Inc. grew its holdings in U.S. Bancorp by 5.2% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 85,041 shares of the financial services provider’s stock valued at $4,067,000 after purchasing an additional 4,167 shares in the last quarter. Cardinal Strategic Wealth Guidance acquired a new position in U.S. Bancorp during the 4th quarter valued at about $221,000. Sovran Advisors LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth approximately $369,000. Stonebridge Financial Group LLC bought a new stake in U.S. Bancorp during the fourth quarter worth approximately $30,000. Finally, Essex Financial Services Inc. increased its stake in U.S. Bancorp by 5.9% in the 4th quarter. Essex Financial Services Inc. now owns 11,701 shares of the financial services provider’s stock valued at $560,000 after buying an additional 652 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 1.6 %

Shares of U.S. Bancorp stock opened at $47.62 on Wednesday. The firm has a market cap of $74.28 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.77 and a beta of 1.04. The business has a 50-day moving average price of $48.97 and a 200-day moving average price of $47.48. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analyst Ratings Changes

USB has been the subject of several recent research reports. Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Compass Point upped their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Finally, Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the transaction, the insider now directly owns 99,790 shares in the company, valued at $4,749,006.10. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock worth $10,385,665 in 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.