Financial Engines Advisors L.L.C. Purchases New Position in U.S. Bancorp (NYSE:USB)

Financial Engines Advisors L.L.C. bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,101 shares of the financial services provider's stock, valued at approximately $435,000.

Other large investors have also recently made changes to their positions in the company. Penobscot Investment Management Company Inc. increased its holdings in U.S. Bancorp by 4.6% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 11,753 shares of the financial services provider's stock worth $562,000 after acquiring an additional 522 shares during the period. Summitry LLC raised its position in shares of U.S. Bancorp by 2.2% in the fourth quarter. Summitry LLC now owns 113,788 shares of the financial services provider's stock worth $5,442,000 after buying an additional 2,440 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in U.S. Bancorp during the fourth quarter valued at $32,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of U.S. Bancorp by 9.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 791,084 shares of the financial services provider's stock valued at $37,838,000 after acquiring an additional 67,011 shares during the last quarter. Finally, Potentia Wealth bought a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $314,000. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Truist Financial assumed coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price objective for the company. Wells Fargo & Company decreased their price objective on U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Friday. Compass Point upped their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $53.21.

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Insider Activity

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the business's stock in a transaction 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 sale, the insider now directly owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James L. Chosy sold 21,451 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 in the last quarter. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Trading Down 1.1 %

USB stock traded down $0.48 on Tuesday, reaching $41.75. The company's stock had a trading volume of 9,513,712 shares, compared to its average volume of 8,582,178. The firm has a market cap of $65.04 billion, a PE ratio of 11.01, a PEG ratio of 1.73 and a beta of 1.02. The business has a fifty day simple moving average of $45.47 and a two-hundred day simple moving average of $47.56. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period last year, the company posted $0.99 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 52.77%.

About U.S. Bancorp

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.