Kentucky Trust Co Buys Shares of 157,416 U.S. Bancorp (NYSE:USB)

Kentucky Trust Co acquired a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 157,416 shares of the financial services provider's stock, valued at approximately $7,529,000. U.S. Bancorp accounts for approximately 4.4% of Kentucky Trust Co's investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. Winch Advisory Services LLC increased its stake in U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after acquiring an additional 490 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after acquiring an additional 441 shares during the last quarter. Global Wealth Strategies & Associates increased its stake in 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 last quarter. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp in the 4th quarter worth about $30,000. Finally, Albion Financial Group UT increased its stake in U.S. Bancorp by 92.8% in the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock worth $33,000 after acquiring an additional 335 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Transactions at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares of the company's stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.7 %

USB traded up $0.34 during midday trading on Friday, reaching $47.73. 5,398,695 shares of the company's stock traded hands, compared to its average volume of 10,225,730. The firm has a fifty day moving average of $48.61 and a two-hundred day moving average of $47.52. The stock has a market capitalization of $74.46 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on USB. Morgan Stanley cut their price objective on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Truist Financial began 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. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Finally, Barclays upped their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average price target of $54.21.

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.