U.S. Bancorp (NYSE:USB) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 702,707 shares of the financial services provider’s stock after selling 19,791 shares during the period. Clarkston Capital Partners LLC’s holdings in U.S. Bancorp were worth $33,610,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its holdings in shares of U.S. Bancorp by 2.0% in the fourth quarter. Peapack Gladstone Financial Corp now owns 255,328 shares of the financial services provider’s stock valued at $12,213,000 after purchasing an additional 4,988 shares during the period. Ilmarinen Mutual Pension Insurance Co purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $5,405,000. Sit Investment Associates Inc. increased its holdings in U.S. Bancorp by 1,031.6% in the 4th quarter. Sit Investment Associates Inc. now owns 152,765 shares of the financial services provider’s stock worth $7,307,000 after buying an additional 139,265 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its position in U.S. Bancorp by 0.9% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,935,847 shares of the financial services provider’s stock worth $618,722,000 after buying an additional 120,543 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in U.S. Bancorp during the 4th quarter valued at approximately $23,622,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of U.S. Bancorp from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Bank of America decreased their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, March 17th. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a report on Monday, January 13th. Citigroup decreased their price target on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $52.89.

U.S. Bancorp Stock Performance

NYSE USB opened at $36.78 on Friday. 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’s 50 day simple moving average is $44.92 and its 200-day simple moving average is $47.43. The company has a market cap of $57.30 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 1-year low of $35.74 and a 1-year high of $53.98.

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, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm 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 dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 5.44%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

U.S. Bancorp Company 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.