Aviva PLC Sells 25,673 Shares of U.S. Bancorp (NYSE:USB)

Aviva PLC lessened its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,060 shares of the financial services provider's stock after selling 25,673 shares during the quarter. Aviva PLC owned approximately 0.06% of U.S. Bancorp worth $44,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at $1,018,000. Vanguard Group Inc. grew its position in U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after acquiring an additional 1,079,056 shares in the last quarter. M&T Bank Corp raised its holdings in shares of U.S. Bancorp by 2.8% during the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after purchasing an additional 22,803 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after purchasing an additional 38,802 shares during the last quarter. Finally, Keystone Financial Planning Inc. lifted its stake in shares of U.S. Bancorp by 29.5% in the 4th quarter. Keystone Financial Planning Inc. now owns 72,614 shares of the financial services provider's stock valued at $3,473,000 after purchasing an additional 16,552 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on USB. Morgan Stanley reduced their price target on U.S. Bancorp from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a report on Thursday, December 19th. DA Davidson raised U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their target price for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Piper Sandler raised shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price objective for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.52.

U.S. Bancorp Stock Performance

Shares of USB traded down $0.28 on Friday, reaching $36.97. 6,021,045 shares of the stock traded hands, compared to its average volume of 8,925,310. The stock's 50-day moving average price is $43.65 and its 200-day moving average price is $47.07. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market cap of $57.60 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 5.41%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Insiders Place Their Bets

In other news, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders 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.

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.