Atlanta Consulting Group Advisors LLC Has $227,000 Stock Position in U.S. Bancorp (NYSE:USB)

Atlanta Consulting Group Advisors LLC trimmed its position in U.S. Bancorp (NYSE:USB - Free Report) by 82.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,736 shares of the financial services provider's stock after selling 22,041 shares during the quarter. Atlanta Consulting Group Advisors LLC's holdings in U.S. Bancorp were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Brooklyn Investment Group grew its holdings in shares of U.S. Bancorp by 4.4% during the third quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock worth $219,000 after buying an additional 201 shares during the last quarter. Capital Performance Advisors LLP boosted its position in shares of U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after purchasing an additional 210 shares in the last quarter. HCR Wealth Advisors grew its position in U.S. Bancorp by 1.1% during the fourth quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock worth $962,000 after buying an additional 211 shares during the period. Priebe Wealth Holdings LLC grew its holdings in shares of U.S. Bancorp by 4.4% in the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock worth $243,000 after acquiring an additional 215 shares during the period. Finally, Essex Savings Bank increased its position in shares of U.S. Bancorp by 1.8% in the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after buying an additional 216 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on USB. Bank of America cut their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday. Truist Financial started coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price for the company. Citigroup raised U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research note on Thursday, December 19th. Finally, Piper Sandler raised U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and an average price target of $53.93.

U.S. Bancorp Stock Performance

USB traded down $0.10 on Thursday, hitting $42.58. 9,203,033 shares of the stock traded hands, compared to its average volume of 7,825,862. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The firm has a market capitalization of $66.34 billion, a PE ratio of 11.24, a P/E/G ratio of 1.73 and a beta of 1.02. The business has a fifty day moving average price of $46.52 and a two-hundred day moving average price of $47.69. 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 - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company 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%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Insider Activity

In other news, 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 transaction, the chief executive officer now owns 1,230,316 shares of the company's stock, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 over the last 90 days. 0.23% of the stock is 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.