U.S. Bancorp (NYSE:USB) Shares Sold by Lountzis Asset Management LLC

Lountzis Asset Management LLC cut its stake in U.S. Bancorp (NYSE:USB) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 251,577 shares of the financial services provider’s stock after selling 1,136 shares during the period. U.S. Bancorp makes up 5.1% of Lountzis Asset Management LLC’s investment portfolio, making the stock its 7th largest position. Lountzis Asset Management LLC’s holdings in U.S. Bancorp were worth $12,159,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of USB. AMF Tjanstepension AB increased its holdings in shares of U.S. Bancorp by 16.9% during 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 during the last quarter. Foundations Investment Advisors LLC grew its position in U.S. Bancorp by 14.0% during the third quarter. Foundations Investment Advisors LLC now owns 12,386 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 1,519 shares during the period. Sequoia Financial Advisors LLC grew its position in U.S. Bancorp by 235.7% during the third quarter. Sequoia Financial Advisors LLC now owns 99,600 shares of the financial services provider’s stock valued at $4,555,000 after acquiring an additional 69,934 shares during the period. Signaturefd LLC increased its stake in U.S. Bancorp by 9.0% during the third quarter. Signaturefd LLC now owns 22,099 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 1,829 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its holdings 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 purchasing an additional 492 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $47.10 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $73.48 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company’s 50-day simple moving average is $48.38 and its 200-day simple moving average is $47.61.

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 the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. Equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date 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 (DPR) is 52.77%.

Insider Activity

In related news, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value 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. This trade represents a 23.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the company’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 of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on USB shares. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Truist Financial began coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Compass Point lifted their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Oppenheimer increased their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp 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.