Oxford Financial Group LTD. LLC Sells 6,499 Shares of U.S. Bancorp (NYSE:USB)

Oxford Financial Group LTD. LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 43.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,426 shares of the financial services provider's stock after selling 6,499 shares during the period. Oxford Financial Group LTD. LLC's holdings in U.S. Bancorp were worth $403,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Kiker Wealth Management LLC bought a new stake in U.S. Bancorp in the fourth quarter worth $509,000. HUB Investment Partners LLC bought a new position in U.S. Bancorp in the 4th quarter worth about $234,000. Symmetry Partners LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $239,000. Teacher Retirement System of Texas increased its stake in U.S. Bancorp by 59.1% during the 4th quarter. Teacher Retirement System of Texas now owns 321,744 shares of the financial services provider's stock valued at $15,389,000 after purchasing an additional 119,511 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in U.S. Bancorp in the fourth quarter worth about $420,000. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on USB shares. Oppenheimer raised their price target on shares of 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 target price for the company in a report on Thursday, December 19th. Morgan Stanley lowered their price target on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Barclays lifted 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. Finally, Piper Sandler upgraded shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price on the stock in a research note on Monday, January 13th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.48.

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U.S. Bancorp Price Performance

Shares of USB stock traded up $0.04 on Wednesday, hitting $43.74. 9,585,236 shares of the stock traded hands, compared to its average volume of 8,063,607. 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. The firm has a 50 day simple moving average of $46.11 and a two-hundred day simple moving average of $47.63. The firm has a market cap of $68.15 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.73 and a beta of 1.02.

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

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.57%. U.S. Bancorp's payout ratio is 52.77%.

Insider Activity

In related news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now 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 have sold a total of 219,812 shares of company stock worth $10,385,665 over the last quarter. Insiders own 0.23% of the company's stock.

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.