IFG Advisors LLC Sells 352 Shares of U.S. Bancorp (NYSE:USB)

IFG Advisors LLC lowered its position in U.S. Bancorp (NYSE:USB) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,274 shares of the financial services provider’s stock after selling 352 shares during the period. IFG Advisors LLC’s holdings in U.S. Bancorp were worth $778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USB. Pinnacle Associates Ltd. boosted its holdings in U.S. Bancorp by 5.7% in the third quarter. Pinnacle Associates Ltd. now owns 55,179 shares of the financial services provider’s stock worth $2,388,000 after acquiring an additional 2,959 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in U.S. Bancorp by 29.5% in the third quarter. Diversify Wealth Management LLC now owns 7,555 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 1,722 shares in the last quarter. Stephens Inc. AR boosted its holdings in U.S. Bancorp by 1.9% in the third quarter. Stephens Inc. AR now owns 293,371 shares of the financial services provider’s stock worth $13,416,000 after acquiring an additional 5,486 shares in the last quarter. Principal Securities Inc. boosted its holdings in U.S. Bancorp by 9.3% in the third quarter. Principal Securities Inc. now owns 56,619 shares of the financial services provider’s stock worth $2,589,000 after acquiring an additional 4,820 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in U.S. Bancorp by 2.3% in the third quarter. Focus Financial Network Inc. now owns 64,317 shares of the financial services provider’s stock worth $2,973,000 after acquiring an additional 1,473 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on USB shares. Morgan Stanley cut their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Barclays increased their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $46.93 on Friday. The business’s fifty day simple moving average is $47.91 and its 200 day simple moving average is $47.83. The firm has a market capitalization of $73.20 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.26%. U.S. Bancorp’s payout ratio is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.