U.S. Bancorp (NYSE:USB) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. decreased its position in shares of U.S. Bancorp (NYSE:USB) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,437 shares of the financial services provider’s stock after selling 261 shares during the period. Duncker Streett & Co. Inc.’s holdings in U.S. Bancorp were worth $451,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in U.S. Bancorp by 8.9% during the fourth quarter. Fisher Asset Management LLC now owns 4,885,816 shares of the financial services provider’s stock worth $233,689,000 after buying an additional 398,959 shares during the period. WR Wealth Planners LLC grew its stake in shares of U.S. Bancorp by 74.7% in the 4th quarter. WR Wealth Planners LLC now owns 1,055 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 451 shares during the last quarter. Sage Investment Counsel LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $575,000. SVB Wealth LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $367,000. Finally, Dynasty Wealth Management LLC grew its stake in shares of U.S. Bancorp by 34.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 9,010 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 2,326 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In related news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on USB shares. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Thursday, December 19th. Truist Financial started coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective on the stock. Oppenheimer upped their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company upped their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Barclays upped their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Stock Up 1.4 %

Shares of NYSE:USB opened at $46.93 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The stock’s fifty day simple moving average is $47.91 and its 200-day simple moving average is $47.83. The company has a market capitalization of $73.20 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the business earned $0.99 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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

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.