Koss Olinger Consulting LLC Sells 11,624 Shares of U.S. Bancorp (NYSE:USB)

Koss Olinger Consulting LLC decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,662 shares of the financial services provider's stock after selling 11,624 shares during the period. Koss Olinger Consulting LLC's holdings in U.S. Bancorp were worth $2,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of USB. Brooklyn Investment Group boosted its position in shares of U.S. Bancorp by 4.4% in the third quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock worth $219,000 after purchasing an additional 201 shares during the period. Capital Performance Advisors LLP raised its position in shares of U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after purchasing an additional 210 shares during the period. HCR Wealth Advisors lifted its stake in shares of U.S. Bancorp by 1.1% during the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after buying an additional 211 shares in the last quarter. Priebe Wealth Holdings LLC boosted its holdings in U.S. Bancorp by 4.4% in the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock worth $243,000 after buying an additional 215 shares during the period. Finally, Essex Savings Bank increased its stake in U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock worth $591,000 after buying an additional 216 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

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U.S. Bancorp Trading Up 0.4 %

Shares of USB stock traded up $0.16 during trading hours on Friday, reaching $42.77. 68,997,842 shares of the stock were exchanged, compared to its average volume of 8,059,585. 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 12-month low of $37.81 and a 12-month high of $53.98. The firm has a market capitalization of $66.63 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company's 50-day moving average price is $46.31 and its 200-day moving average price is $47.64.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results 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. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The company's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued 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 yield of 4.68%. U.S. Bancorp's payout ratio is 52.77%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on USB. Oppenheimer boosted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a report on Thursday, December 19th. Bank of America cut their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. Truist Financial began coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price objective on the stock. Finally, DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their target price for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $53.93.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the business'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 value of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last three months. Company insiders own 0.23% of the company's stock.

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.