GAM Holding AG Has $5.53 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

GAM Holding AG lowered its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,512 shares of the financial services provider's stock after selling 13,227 shares during the period. GAM Holding AG's holdings in U.S. Bancorp were worth $5,525,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its stake in U.S. Bancorp by 310.3% during the fourth quarter. Venturi Wealth Management LLC now owns 7,911 shares of the financial services provider's stock worth $378,000 after purchasing an additional 5,983 shares during the period. D.A. Davidson & CO. raised its stake in U.S. Bancorp by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after purchasing an additional 38,802 shares during the period. NTV Asset Management LLC raised its stake in U.S. Bancorp by 17.9% during the fourth quarter. NTV Asset Management LLC now owns 6,690 shares of the financial services provider's stock worth $320,000 after purchasing an additional 1,017 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in U.S. Bancorp by 7.1% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 27,716 shares of the financial services provider's stock worth $1,326,000 after purchasing an additional 1,838 shares during the period. Finally, Capital Performance Advisors LLP raised its stake in shares of U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the transaction, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. 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. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on USB shares. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a research note on Thursday, December 19th. Oppenheimer raised 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 note on Friday, January 17th. Truist Financial started coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a "hold" rating and a $54.00 target price on the stock. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their target price for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Stock Down 1.9 %

USB stock traded down $0.89 during mid-day trading on Friday, hitting $45.88. 9,326,979 shares of the company were exchanged, compared to its average volume of 9,157,008. The company has a market capitalization of $71.57 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The firm has a fifty day simple moving average of $48.19 and a 200 day simple moving average of $47.64.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio is currently 52.77%.

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.