Sanctuary Advisors LLC Has $16.47 Million Stake in U.S. Bancorp (NYSE:USB)

Sanctuary Advisors LLC reduced its position in shares of U.S. Bancorp (NYSE:USB) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,155 shares of the financial services provider’s stock after selling 2,137 shares during the period. Sanctuary Advisors LLC’s holdings in U.S. Bancorp were worth $16,471,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of USB. AMF Tjanstepension AB boosted its holdings in U.S. Bancorp by 16.9% during the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock worth $24,401,000 after purchasing an additional 76,914 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of U.S. Bancorp by 34.7% during the 3rd quarter. Blue Trust Inc. now owns 15,123 shares of the financial services provider’s stock worth $692,000 after buying an additional 3,893 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of U.S. Bancorp by 6.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 6,014 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 357 shares in the last quarter. Chicago Capital LLC increased its position in shares of U.S. Bancorp by 6.5% in the third quarter. Chicago Capital LLC now owns 9,882 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 600 shares during the last quarter. Finally, New Century Financial Group LLC increased its position in shares of U.S. Bancorp by 5.0% in the third quarter. New Century Financial Group LLC now owns 9,594 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 457 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on USB shares. Truist Financial started coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price target on the stock. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $47.73 on Tuesday. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company’s 50 day moving average price is $48.61 and its two-hundred day moving average price is $47.55. The firm has a market cap of $74.46 billion, a PE ratio of 12.59, a PEG ratio of 1.77 and a beta of 1.04. 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 quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (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 return on equity of 12.94% and a net margin of 14.75%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared 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 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling

In other news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction 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 approximately $58,132,431. This represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. 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. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Company 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.