Professional Advisory Services Inc. Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

Professional Advisory Services Inc. trimmed its position in U.S. Bancorp (NYSE:USB - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 398,569 shares of the financial services provider's stock after selling 54,157 shares during the quarter. U.S. Bancorp accounts for approximately 2.6% of Professional Advisory Services Inc.'s holdings, making the stock its 24th biggest holding. Professional Advisory Services Inc.'s holdings in U.S. Bancorp were worth $19,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in 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 valued at $219,000 after acquiring an additional 201 shares in the last quarter. McAdam LLC boosted its stake in U.S. Bancorp by 2.5% during the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock worth $389,000 after acquiring an additional 209 shares in the last quarter. HCR Wealth Advisors boosted its position in shares of U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock worth $962,000 after purchasing an additional 211 shares in the last quarter. Essex Savings Bank grew its position in U.S. Bancorp by 1.8% during the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock valued at $591,000 after purchasing an additional 216 shares during the last quarter. Finally, First Financial Bank Trust Division increased its position in shares of U.S. Bancorp by 0.7% during the fourth quarter. First Financial Bank Trust Division now owns 31,037 shares of the financial services provider's stock valued at $1,485,000 after acquiring an additional 224 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on USB shares. Piper Sandler raised shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price objective for the company in a report on Monday, January 13th. Truist Financial started coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a "hold" rating and a $54.00 target price on the stock. Compass Point lifted their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price target for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a report on Thursday, December 19th. Ten investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Stock Up 0.8 %

Shares of USB traded up $0.37 during midday trading on Friday, hitting $48.40. The company had a trading volume of 14,819,489 shares, compared to its average volume of 5,864,763. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company's 50-day simple moving average is $50.18 and its 200-day simple moving average is $46.78. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $75.50 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.47 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its 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 12.91% and a net margin of 12.92%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the company earned $0.99 EPS. The business's quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.13%. U.S. Bancorp's dividend payout ratio (DPR) is 61.16%.

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.