New Age Alpha Advisors LLC Cuts Stock Holdings in U.S. Bancorp $USB

New Age Alpha Advisors LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,573 shares of the financial services provider’s stock after selling 13,353 shares during the quarter. New Age Alpha Advisors LLC’s holdings in U.S. Bancorp were worth $3,019,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Clayton Financial Group LLC purchased a new position in U.S. Bancorp during the fourth quarter worth approximately $25,000. Guerra Advisors Inc purchased a new position in U.S. Bancorp during the third quarter worth approximately $25,000. Financial Life Planners purchased a new position in U.S. Bancorp during the third quarter worth approximately $25,000. JPL Wealth Management LLC purchased a new position in U.S. Bancorp during the third quarter worth approximately $28,000. Finally, Westfuller Advisors LLC boosted its position in U.S. Bancorp by 54.7% during the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the 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 approximately $11,813,307. The trade was a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on USB. Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Royal Bank Of Canada increased their price target on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Evercore increased their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Finally, Morgan Stanley set a $64.00 price target on U.S. Bancorp in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Price Performance

USB stock opened at $55.20 on Wednesday. The business’s fifty day moving average price is $54.22 and its 200 day moving average price is $53.81. U.S. Bancorp has a 12-month low of $42.55 and a 12-month high of $61.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $85.69 billion, a PE ratio of 11.57, a P/E/G ratio of 0.99 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the company earned $1.03 EPS. U.S. Bancorp’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.8%. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

U.S. Bancorp 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.