U.S. Bancorp (NYSE:USB) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 1.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 62,445 shares of the financial services provider’s stock after selling 1,181 shares during the period. Creative Financial Designs Inc. ADV’s holdings in U.S. Bancorp were worth $2,636,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. J.Safra Asset Management Corp purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management acquired a new position in U.S. Bancorp in the 4th quarter valued at $30,000. REAP Financial Group LLC lifted its stake in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 297 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $44.84 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.80 and a quick ratio of 0.80. The company’s fifty day moving average price is $42.63 and its two-hundred day moving average price is $44.62. The firm has a market capitalization of $69.86 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.68 and a beta of 0.99. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the company earned $0.78 earnings per share. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.46%. U.S. Bancorp’s dividend payout ratio is presently 49.50%.

Insiders Place Their Bets

In related news, Director Aleem Gillani bought 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. Truist Financial dropped their target price on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Piper Sandler dropped their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Barclays dropped their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. Finally, Citigroup decreased their target price 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $50.72.

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.