Crestwood Advisors Group LLC Sells 799 Shares of U.S. Bancorp (NYSE:USB)

Crestwood Advisors Group LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,677 shares of the financial services provider’s stock after selling 799 shares during the quarter. Crestwood Advisors Group LLC’s holdings in U.S. Bancorp were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC boosted its position in U.S. Bancorp by 130,768.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares during the last quarter. Mufg Bank LTD. increased its position in U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after buying an additional 24,000,000 shares during the last quarter. Aristotle Capital Management LLC increased its position in U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares during the last quarter. Norges Bank acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $644,436,000. Finally, Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In related news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the transaction, the insider now directly owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,265 shares of company stock worth $2,535,903. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.8 %

Shares of USB stock opened at $41.58 on Monday. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The stock’s fifty day simple moving average is $42.29 and its 200 day simple moving average is $39.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $64.79 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.15 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share. As a group, sell-side analysts predict that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s payout ratio is currently 59.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on USB shares. UBS Group increased their price objective on shares of U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Evercore ISI upped their target price on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Morgan Stanley boosted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Oppenheimer lowered their price objective on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.41.

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.