Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,987 Shares of U.S. Bancorp (NYSE:USB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 331,710 shares of the financial services provider's stock after selling 7,987 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in U.S. Bancorp were worth $15,866,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of USB. Winch Advisory Services LLC boosted its holdings in shares of 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 buying an additional 490 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $26,000. FPC Investment Advisory Inc. acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates grew its position in 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 worth $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.06 during trading on Tuesday, reaching $43.70. The company had a trading volume of 7,375,359 shares, compared to its average volume of 8,056,063. The company has a market capitalization of $68.09 billion, a PE ratio of 11.53, a PEG ratio of 1.73 and a beta of 1.02. 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's 50 day simple moving average is $46.21 and its two-hundred day simple moving average is $47.63. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98.

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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 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period in the previous year, the company earned $0.99 earnings per share. U.S. Bancorp's revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.58%. U.S. Bancorp's payout ratio is presently 52.77%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on USB. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research report on Thursday, December 19th. DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Compass Point upped their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Truist Financial began coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price target for the company. Finally, The Goldman Sachs Group lowered their price objective 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. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.48.

Insider Buying and Selling

In other news, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 198,127 shares of the company's stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,812 shares of company stock valued at $10,385,665. Insiders own 0.23% of the company's stock.

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.