U.S. Bancorp (NYSE:USB) Shares Sold by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP lessened its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 61.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,179 shares of the financial services provider's stock after selling 154,597 shares during the period. Partners Capital Investment Group LLP's holdings in U.S. Bancorp were worth $4,696,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of USB. Winch Advisory Services LLC raised its position 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 valued at $26,000 after buying an additional 490 shares during the last quarter. Frazier Financial Advisors LLC boosted 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 valued at $29,000 after purchasing an additional 441 shares during the period. Global Wealth Strategies & Associates boosted 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 valued at $29,000 after purchasing an additional 250 shares during the period. Stonebridge Financial Group LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Albion Financial Group UT boosted 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 valued at $33,000 after purchasing an additional 335 shares during the period. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

USB stock traded down $0.33 during trading on Thursday, hitting $46.79. 6,909,085 shares of the company's stock traded hands, compared to its average volume of 9,151,860. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The business has a fifty day simple moving average of $48.38 and a 200 day simple moving average of $47.61. The stock has a market capitalization of $73.00 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.78 and a beta of 1.04.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate 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 net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. As a group, 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 issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.27%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price for the company. in a research report on Thursday, October 24th. Wells Fargo & Company upped their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Barclays upped their target price on U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Truist Financial assumed coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price for the company. Finally, DA Davidson raised U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $54.21.

Insider Transactions at U.S. Bancorp

In related news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares in the company, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp 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 sale, the chief executive officer now owns 1,230,316 shares of the company's stock, valued at $58,132,431. The trade was a 7.66 % 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 worth $10,385,665. 0.23% of the stock is currently owned by insiders.

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.