Sovran Advisors LLC Acquires Shares of 7,529 U.S. Bancorp (NYSE:USB)

Sovran Advisors LLC acquired a new position in U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,529 shares of the financial services provider's stock, valued at approximately $369,000.

Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $30,000. Essex Financial Services Inc. lifted its position in shares of U.S. Bancorp by 5.9% during the 4th quarter. Essex Financial Services Inc. now owns 11,701 shares of the financial services provider's stock valued at $560,000 after buying an additional 652 shares in the last quarter. Pineridge Advisors LLC increased its stake in shares of U.S. Bancorp by 65.1% during the fourth quarter. Pineridge Advisors LLC now owns 1,286 shares of the financial services provider's stock worth $61,000 after purchasing an additional 507 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth about $82,000. Finally, Bristlecone Advisors LLC boosted its holdings in U.S. Bancorp by 4.4% in the 4th quarter. Bristlecone Advisors LLC now owns 45,749 shares of the financial services provider's stock worth $2,188,000 after buying an additional 1,931 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction dated 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 owns 209,482 shares of the company's stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated 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 directly owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last ninety days. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.7 %

NYSE USB traded up $0.34 on Friday, reaching $47.73. The stock had a trading volume of 5,398,695 shares, compared to its average volume of 10,225,730. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average price of $48.61 and a two-hundred day moving average price of $47.53. The firm has a market capitalization of $74.46 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.77 and a beta of 1.04.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its 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 return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period last year, the business posted $0.99 EPS. U.S. Bancorp's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.19%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on USB. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a research report on Monday, January 13th. 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 note on Thursday, October 24th. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Truist Financial assumed coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price target for the company. Finally, Morgan Stanley reduced their price objective on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $54.21.

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.