U.S. Bancorp (NYSE:USB) Shares Sold by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC cut its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,231 shares of the financial services provider's stock after selling 24,029 shares during the period. U.S. Bancorp accounts for approximately 0.7% of Philip James Wealth Mangement LLC's portfolio, making the stock its 29th largest holding. Philip James Wealth Mangement LLC's holdings in U.S. Bancorp were worth $5,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Winch Advisory Services LLC boosted 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 purchasing an additional 490 shares in 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 purchasing an additional 250 shares during the period. Stonebridge Financial Group LLC bought a new stake in U.S. Bancorp in the fourth quarter valued at approximately $30,000. Frazier Financial Advisors LLC boosted its stake in shares of U.S. Bancorp by 222.7% during the third 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. Finally, Global Trust Asset Management LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on USB. Compass Point raised their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. DA Davidson raised U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Truist Financial started 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. Barclays lifted their price target 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. Finally, Piper Sandler raised U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus target price of $54.21.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. The trade was a 23.11 % 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 worth $10,385,665 over the last 90 days. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 0.7 %

U.S. Bancorp stock traded down $0.33 during mid-day trading on Thursday, hitting $46.79. The company's stock had a trading volume of 6,909,085 shares, compared to its average volume of 9,151,860. 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 stock has a market cap of $73.00 billion, a PE ratio of 12.35, a P/E/G ratio of 1.78 and a beta of 1.04. The company has a 50 day moving average of $48.38 and a 200-day moving average of $47.61. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98.

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 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm's quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

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.