U.S. Bancorp (NYSE:USB) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 833,031 shares of the financial services provider's stock after selling 19,535 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of U.S. Bancorp worth $39,844,000 as of its most recent SEC filing.

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

U.S. Bancorp Stock Up 0.3 %

Shares of NYSE USB traded up $0.14 during trading on Tuesday, reaching $47.89. 5,416,289 shares of the stock were exchanged, compared to its average volume of 9,106,496. 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 business's 50-day moving average price is $48.54 and its 200 day moving average price is $47.58. The company has a market capitalization of $74.71 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth 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.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly 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 firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. U.S. Bancorp's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.18%. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 directly owns 198,127 shares of the company's stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, 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 have sold 219,812 shares of company stock worth $10,385,665 in the last ninety days. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays raised their target price on U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Truist Financial began coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price on the stock. Morgan Stanley lowered their price target on shares of 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. Citigroup raised U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Wells Fargo & Company boosted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.21.

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.