U.S. Bancorp (NYSE:USB) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC lowered its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,317 shares of the financial services provider’s stock after selling 2,473 shares during the period. MainStreet Investment Advisors LLC’s holdings in U.S. Bancorp were worth $4,989,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Winch Advisory Services LLC boosted its stake in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after buying an additional 490 shares during the period. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp during the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $28,000. Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of analyst reports. Barclays lowered their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Oppenheimer boosted their price target 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, April 28th. Bank of America reduced their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, Piper Sandler dropped their target price on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.48.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $44.35 on Wednesday. The stock has a fifty day moving average price of $40.69 and a 200 day moving average price of $46.08. 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 cap of $69.10 billion, a PE ratio of 11.70, a P/E/G ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the company posted $0.78 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.23% of the company’s stock.

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.