U.S. Bancorp (NYSE:USB) Shares Sold by Commerce Bank

Commerce Bank lowered its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,646 shares of the financial services provider's stock after selling 30,979 shares during the quarter. Commerce Bank's holdings in U.S. Bancorp were worth $19,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its stake in U.S. Bancorp by 1,088.9% in the 4th 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 in the last quarter. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp during the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates increased its holdings in U.S. Bancorp by 70.8% in the fourth 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 during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

USB has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday. Bank of America dropped their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Barclays reduced their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday. Morgan Stanley cut their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group decreased their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $50.66.

U.S. Bancorp Trading Down 0.9 %

Shares of USB stock traded down $0.35 during mid-day trading on Monday, reaching $37.85. 11,260,791 shares of the stock traded hands, compared to its average volume of 9,029,772. The company has a market cap of $58.97 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The stock's fifty day simple moving average is $42.35 and its two-hundred day simple moving average is $46.76. 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 earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, research analysts anticipate 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

U.S. Bancorp Company 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.