Loudon Investment Management LLC Sells 1,200 Shares of U.S. Bancorp (NYSE:USB)

Loudon Investment Management LLC decreased its stake in U.S. Bancorp (NYSE:USB) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,518 shares of the financial services provider’s stock after selling 1,200 shares during the period. U.S. Bancorp accounts for approximately 1.6% of Loudon Investment Management LLC’s holdings, making the stock its 25th largest position. Loudon Investment Management LLC’s holdings in U.S. Bancorp were worth $2,799,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of USB. Empowered Funds LLC grew its holdings in shares of U.S. Bancorp by 9.4% in the 3rd quarter. Empowered Funds LLC now owns 27,618 shares of the financial services provider’s stock valued at $1,263,000 after acquiring an additional 2,375 shares in the last quarter. Pathstone Holdings LLC lifted its stake in U.S. Bancorp by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 296,594 shares of the financial services provider’s stock valued at $13,573,000 after purchasing an additional 2,300 shares during the last quarter. Commerce Bank lifted its stake in U.S. Bancorp by 10.5% in the 3rd quarter. Commerce Bank now owns 442,625 shares of the financial services provider’s stock valued at $20,241,000 after purchasing an additional 42,197 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in U.S. Bancorp by 30.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 26,776 shares of the financial services provider’s stock valued at $1,238,000 after purchasing an additional 6,291 shares during the last quarter. Finally, Cornerstone Advisors LLC lifted its stake in U.S. Bancorp by 1.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 83,100 shares of the financial services provider’s stock valued at $3,800,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on USB shares. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Monday, January 13th. Morgan Stanley cut their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group cut their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Bank of America cut their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 over the last three months. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Down 0.2 %

Shares of USB opened at $42.58 on Friday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The firm’s 50 day moving average is $46.40 and its 200-day moving average is $47.66. The stock has a market capitalization of $66.34 billion, a PE ratio of 11.24, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The company 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 for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.70%. 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.