AustralianSuper Pty Ltd Sells 137,872 Shares of U.S. Bancorp (NYSE:USB)

AustralianSuper Pty Ltd cut its position in U.S. Bancorp (NYSE:USB - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,520 shares of the financial services provider's stock after selling 137,872 shares during the quarter. AustralianSuper Pty Ltd's holdings in U.S. Bancorp were worth $10,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. AMF Tjanstepension AB grew its holdings in U.S. Bancorp by 16.9% in the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider's stock worth $24,401,000 after buying an additional 76,914 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of U.S. Bancorp by 4.3% during the third quarter. SeaCrest Wealth Management LLC now owns 11,514 shares of the financial services provider's stock valued at $527,000 after purchasing an additional 477 shares during the period. Sumitomo Life Insurance Co. raised its stake in shares of U.S. Bancorp by 2.6% during the third quarter. Sumitomo Life Insurance Co. now owns 19,099 shares of the financial services provider's stock valued at $873,000 after purchasing an additional 481 shares in the last quarter. nVerses Capital LLC lifted its holdings in U.S. Bancorp by 44.8% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the financial services provider's stock worth $192,000 after purchasing an additional 1,300 shares during the period. Finally, Bleakley Financial Group LLC grew its position in U.S. Bancorp by 8.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 44,122 shares of the financial services provider's stock valued at $2,018,000 after buying an additional 3,383 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USB has been the subject of a number of research analyst reports. Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price target for the company. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price for the company in a research report on Monday, January 13th. Oppenheimer lifted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Compass Point upped their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley decreased their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $54.21.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,230,316 shares of the company's stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the sale, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Down 1.7 %

Shares of USB traded down $0.84 during mid-day trading on Wednesday, hitting $47.10. 10,999,170 shares of the company's stock were exchanged, compared to its average volume of 9,221,942. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The firm has a fifty day moving average of $48.47 and a two-hundred day moving average of $47.62. 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 (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current 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. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.25%. U.S. Bancorp's payout ratio is 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.