ExodusPoint Capital Management LP Decreases Stake in U.S. Bancorp (NYSE:USB)

ExodusPoint Capital Management LP decreased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 76.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,998 shares of the financial services provider's stock after selling 380,695 shares during the quarter. ExodusPoint Capital Management LP's holdings in U.S. Bancorp were worth $5,644,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in USB. Capital Performance Advisors LLP lifted its stake in shares of U.S. Bancorp by 2.6% in the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after buying an additional 210 shares in the last quarter. HCR Wealth Advisors increased its holdings in shares of U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock worth $962,000 after purchasing an additional 211 shares in the last quarter. Priebe Wealth Holdings LLC raised its stake in shares of U.S. Bancorp by 4.4% in the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock worth $243,000 after purchasing an additional 215 shares during the last quarter. Essex Savings Bank lifted its holdings in shares of U.S. Bancorp by 1.8% during the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after purchasing an additional 216 shares in the last quarter. Finally, First Financial Bank Trust Division boosted its position in shares of U.S. Bancorp by 0.7% during the fourth quarter. First Financial Bank Trust Division now owns 31,037 shares of the financial services provider's stock valued at $1,485,000 after buying an additional 224 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

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U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $2.44 during midday trading on Thursday, reaching $36.86. 5,521,366 shares of the stock were exchanged, compared to its average volume of 8,870,281. 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 firm has a market cap of $57.43 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.73 and a beta of 0.91. The firm has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $47.13. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

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 the consensus estimate of $7 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.50 per share. 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 52.77%.

Wall Street Analyst Weigh In

USB has been the subject of a number of research reports. Citigroup decreased their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Barclays increased 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. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.52.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred 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 transaction, the insider now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares of the company's stock, valued at $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by company insiders.

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.