U.S. Bancorp (NYSE:USB) Stock Position Trimmed by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 65.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,908 shares of the financial services provider's stock after selling 35,795 shares during the period. Dynamic Technology Lab Private Ltd's holdings in U.S. Bancorp were worth $904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC increased 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 valued at $26,000 after purchasing an additional 490 shares during the period. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp in the 4th quarter valued at $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the 4th quarter worth $28,000. Global Wealth Strategies & Associates lifted its stake in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction 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 owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last quarter. 0.23% of the stock is owned by corporate insiders.

Remove Ads

U.S. Bancorp Stock Down 1.2 %

USB stock traded down $0.44 during trading on Friday, reaching $36.81. The stock had a trading volume of 5,497,622 shares, compared to its average volume of 8,922,763. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a market capitalization of $57.34 billion, a P/E ratio of 9.70, a PEG ratio of 1.73 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $43.65 and a 200 day moving average price of $47.07.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the business earned $0.99 EPS. U.S. Bancorp's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced 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 of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.43%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research report on Thursday, December 19th. 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 report on Monday. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. Barclays increased their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Finally, Oppenheimer upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.52.

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.