S.E.E.D. Planning Group LLC Sells 9,670 Shares of U.S. Bancorp (NYSE:USB)

S.E.E.D. Planning Group LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,116 shares of the financial services provider's stock after selling 9,670 shares during the quarter. U.S. Bancorp accounts for 2.9% of S.E.E.D. Planning Group LLC's holdings, making the stock its 12th biggest position. S.E.E.D. Planning Group LLC's holdings in U.S. Bancorp were worth $8,806,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Frazier Financial Advisors LLC boosted its position 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 worth $29,000 after buying an additional 441 shares during the period. Global Wealth Strategies & Associates boosted its position in U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in U.S. Bancorp during the 4th quarter worth approximately $38,000. Kimelman & Baird LLC bought a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $40,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on USB. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their target price for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a research report on Thursday, October 17th. Barclays upped their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. DA Davidson upgraded 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 research note on Thursday, January 2nd. Finally, Truist Financial began coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They set a "hold" rating and a $54.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.07.

U.S. Bancorp Stock Up 1.4 %

U.S. Bancorp stock opened at $49.08 on Wednesday. The company's 50-day moving average price is $50.25 and its two-hundred day moving average price is $46.68. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a market cap of $76.57 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. As a group, analysts expect that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp's dividend payout ratio is currently 61.16%.

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.

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