U.S. Bancorp (NYSE:USB) Shares Sold by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,137 shares of the financial services provider’s stock after selling 558 shares during the quarter. SignalPoint Asset Management LLC’s holdings in U.S. Bancorp were worth $963,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Winch Advisory Services LLC grew its holdings in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 490 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 441 shares during the last quarter. FNY Investment Advisers LLC bought a new position in U.S. Bancorp during the 4th quarter valued at $38,000. Finally, First Financial Corp IN bought a new position in U.S. Bancorp during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In related news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company’s stock, valued at approximately $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on USB shares. Oppenheimer reduced their price target on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research report on Monday. Truist Financial started coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price target on the stock. Morgan Stanley upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $54.00 to $57.00 in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.07.

U.S. Bancorp Trading Up 3.8 %

NYSE:USB opened at $50.92 on Thursday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The firm has a market cap of $79.44 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.47 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $50.25 and its 200-day moving average is $46.68.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is 61.16%.

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.