Mutual of America Capital Management LLC Sells 6,920 Shares of U.S. Bancorp (NYSE:USB)

Mutual of America Capital Management LLC cut its stake in U.S. Bancorp (NYSE:USB - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,216 shares of the financial services provider's stock after selling 6,920 shares during the quarter. Mutual of America Capital Management LLC's holdings in U.S. Bancorp were worth $10,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of USB. Winch Advisory Services LLC grew its stake in shares of 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 valued at $26,000 after buying an additional 490 shares in the last quarter. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter valued at $28,000. Global Wealth Strategies & Associates lifted its stake in shares of 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 valued at $29,000 after purchasing an additional 250 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $30,000. Finally, Frazier Financial Advisors LLC boosted its stake in shares of U.S. Bancorp by 222.7% during 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 in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded down $0.34 during trading hours on Wednesday, hitting $44.27. 2,922,352 shares of the stock were exchanged, compared to its average volume of 9,066,963. The stock has a market capitalization of $69.06 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.73 and a beta of 1.04. The business's 50-day moving average is $47.79 and its two-hundred day moving average is $47.91. 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 has a 12 month low of $37.81 and a 12 month 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. Equities research analysts expect that U.S. Bancorp will post 4.38 EPS 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 dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.52%. U.S. Bancorp's payout ratio is currently 52.77%.

Insider Activity

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated 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 completion of the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 over the last 90 days. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on USB shares. DA Davidson raised 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. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Morgan Stanley decreased their target price on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company raised their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.21.

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.