U.S. Bancorp (NYSE:USB) Shares Sold by Eliot Finkel Investment Counsel LLC

Eliot Finkel Investment Counsel LLC lessened its position in U.S. Bancorp (NYSE:USB) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,477 shares of the financial services provider’s stock after selling 305 shares during the period. U.S. Bancorp makes up 3.4% of Eliot Finkel Investment Counsel LLC’s holdings, making the stock its 15th largest position. Eliot Finkel Investment Counsel LLC’s holdings in U.S. Bancorp were worth $5,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $730,000. Jones Financial Companies Lllp raised its holdings in U.S. Bancorp by 35.6% in the 4th quarter. Jones Financial Companies Lllp now owns 176,473 shares of the financial services provider’s stock valued at $8,441,000 after acquiring an additional 46,322 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 4.4% in the 4th quarter. Modera Wealth Management LLC now owns 11,950 shares of the financial services provider’s stock worth $572,000 after buying an additional 502 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of U.S. Bancorp by 788.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 4,691 shares of the financial services provider’s stock worth $224,000 after buying an additional 4,163 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in U.S. Bancorp by 10.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,736 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 1,281 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $46.93 on Friday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $47.91 and a 200-day moving average price of $47.83. The company has a market cap of $73.20 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.26%. U.S. Bancorp’s payout ratio is 52.77%.

Insider Activity

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last three months. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. 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. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research note on Monday, January 13th. Compass Point lifted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Oppenheimer lifted their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.