RDA Financial Network Sells 537 Shares of U.S. Bancorp (NYSE:USB)

RDA Financial Network lessened its position in U.S. Bancorp (NYSE:USB) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,815 shares of the financial services provider’s stock after selling 537 shares during the period. RDA Financial Network’s holdings in U.S. Bancorp were worth $414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new position in U.S. Bancorp in the 4th quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $28,000. Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $30,000. Picton Mahoney Asset Management bought a new position in U.S. Bancorp during the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC bought a new position in U.S. Bancorp during the 4th quarter valued at about $31,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 2.5%

Shares of USB stock opened at $44.76 on Friday. The company has a market capitalization of $69.74 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.99. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company’s fifty day moving average price is $41.15 and its 200-day moving average price is $45.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion for 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 last year, the company earned $0.78 EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Cowen initiated coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They set a “buy” rating and a $60.00 target price on the stock. DA Davidson lowered their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Piper Sandler lowered their price target on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Evercore ISI increased their price target on U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a report on Wednesday. Finally, Morgan Stanley lowered their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

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.