Barclays PLC Sells 2,253,949 Shares of U.S. Bancorp (NYSE:USB)

Barclays PLC cut its stake in U.S. Bancorp (NYSE:USB - Free Report) by 31.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,877,408 shares of the financial services provider's stock after selling 2,253,949 shares during the quarter. Barclays PLC owned about 0.31% of U.S. Bancorp worth $233,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of USB. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp during the 4th quarter valued at approximately $26,000. Winch Advisory Services LLC grew its stake in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after purchasing an additional 490 shares during the period. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp in the fourth quarter worth $28,000. Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after buying an additional 250 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth about $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on USB shares. Keefe, Bruyette & Woods cut their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Royal Bank of Canada reduced their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research report on Thursday, April 3rd. Finally, Truist Financial decreased their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $50.66.

Insider Activity 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 directly owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the sale, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.39 during trading hours on Friday, reaching $38.21. 12,538,530 shares of the stock traded hands, compared to its average volume of 9,020,816. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market capitalization of $59.53 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.73 and a beta of 0.91. 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 company has a 50 day moving average price of $42.55 and a 200 day moving average price of $46.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the business posted $0.78 EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 5.23%. U.S. Bancorp's payout ratio is 49.50%.

About U.S. Bancorp

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.