U.S. Bancorp (NYSE:USB) Position Trimmed by Bison Wealth LLC

Bison Wealth LLC trimmed its stake in U.S. Bancorp (NYSE:USB) by 48.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,579 shares of the financial services provider’s stock after selling 6,104 shares during the quarter. Bison Wealth LLC’s holdings in U.S. Bancorp were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after buying an additional 490 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new stake in U.S. Bancorp in the fourth quarter worth approximately $28,000. Global Wealth Strategies & Associates increased its stake in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

NYSE:USB opened at $40.37 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 company has a 50-day moving average of $41.33 and a 200-day moving average of $46.49. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a market capitalization of $62.90 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.95%. U.S. Bancorp’s payout ratio is presently 49.50%.

Analyst Ratings Changes

USB has been the topic of several recent research reports. Truist Financial cut their target price on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group reduced their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Barclays lowered their price target on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Piper Sandler lowered their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $50.48.

Insider Activity

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated 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 $58,132,431. This 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 have sold 219,812 shares of company stock worth $10,385,665. Corporate insiders own 0.23% of the company’s stock.

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.