U.S. Bancorp (NYSE:USB) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR cut its stake in shares of U.S. Bancorp (NYSE:USB) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,333 shares of the financial services provider’s stock after selling 1,440 shares during the quarter. Pioneer Trust Bank N A OR’s holdings in U.S. Bancorp were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in USB. Prudential PLC grew its stake in U.S. Bancorp by 34.6% during the 4th quarter. Prudential PLC now owns 101,414 shares of the financial services provider’s stock worth $4,851,000 after buying an additional 26,092 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of U.S. Bancorp by 84.2% during the fourth quarter. Arete Wealth Advisors LLC now owns 34,700 shares of the financial services provider’s stock worth $1,660,000 after acquiring an additional 15,864 shares during the last quarter. World Investment Advisors lifted its position in U.S. Bancorp by 26.5% in the 4th quarter. World Investment Advisors now owns 66,545 shares of the financial services provider’s stock valued at $3,183,000 after purchasing an additional 13,926 shares during the last quarter. Westpac Banking Corp lifted its position in U.S. Bancorp by 9.8% in the 4th quarter. Westpac Banking Corp now owns 12,795 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 1,142 shares during the last quarter. Finally, OneAscent Financial Services LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at about $498,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp 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 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 trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. 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 report on Tuesday, December 10th. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday. Barclays boosted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday. Finally, 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 report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.89.

U.S. Bancorp Stock Performance

Shares of USB opened at $36.78 on Friday. U.S. Bancorp has a one year low of $35.74 and a one year high of $53.98. The company has a 50-day moving average of $44.92 and a two-hundred day moving average of $47.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market cap of $57.30 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 5.44%. U.S. Bancorp’s payout ratio is presently 52.77%.

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.