U.S. Bancorp $USB Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 47.1% during the fourth quarter, Holdings Channel reports. The fund owned 13,341 shares of the financial services provider’s stock after selling 11,884 shares during the quarter. International Assets Investment Management LLC’s holdings in U.S. Bancorp were worth $712,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Diversify Wealth Management LLC boosted its stake in shares of U.S. Bancorp by 10.5% during the fourth quarter. Diversify Wealth Management LLC now owns 7,488 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 710 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of U.S. Bancorp by 3.4% during the fourth quarter. MGO One Seven LLC now owns 78,391 shares of the financial services provider’s stock valued at $4,183,000 after acquiring an additional 2,557 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of U.S. Bancorp by 5,529.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 432,040 shares of the financial services provider’s stock valued at $23,054,000 after acquiring an additional 424,365 shares during the last quarter. Enhancing Capital LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at $213,000. Finally, Retirement Planning Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at $219,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore increased their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Jefferies Financial Group reissued a “hold” rating and issued a $60.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 16th. Oppenheimer raised their price target on U.S. Bancorp from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods raised their price target on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Finally, Truist Financial decreased their price target on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $55.52 on Friday. The stock’s 50-day moving average is $54.05 and its 200-day moving average is $53.16. The company has a market cap of $86.18 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $41.81 and a 12 month high of $61.19.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. Equities analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.