U.S. Bancorp (NYSE:USB) Position Trimmed by Truist Financial Corp

Truist Financial Corp decreased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,269,023 shares of the financial services provider's stock after selling 11,654 shares during the period. Truist Financial Corp owned approximately 0.08% of U.S. Bancorp worth $60,697,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB lifted its stake in U.S. Bancorp by 16.9% in the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider's stock valued at $24,401,000 after buying an additional 76,914 shares in the last quarter. Blue Trust Inc. lifted its position in shares of U.S. Bancorp by 34.7% in the third quarter. Blue Trust Inc. now owns 15,123 shares of the financial services provider's stock valued at $692,000 after acquiring an additional 3,893 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of U.S. Bancorp by 6.3% during the third quarter. Capital Investment Advisors LLC now owns 6,014 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 357 shares during the last quarter. Chicago Capital LLC increased its position in U.S. Bancorp by 6.5% during the 3rd quarter. Chicago Capital LLC now owns 9,882 shares of the financial services provider's stock worth $452,000 after purchasing an additional 600 shares in the last quarter. Finally, New Century Financial Group LLC raised its stake in U.S. Bancorp by 5.0% in the 3rd quarter. New Century Financial Group LLC now owns 9,594 shares of the financial services provider's stock valued at $439,000 after purchasing an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Piper Sandler upgraded shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a report on Monday, January 13th. Truist Financial initiated coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price target for the company. Oppenheimer raised their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a research note on Thursday, December 19th. Finally, Wells Fargo & Company raised their price target on U.S. Bancorp from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.21.

Insider Buying and Selling

In other news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The stock was 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 of the company's stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Down 1.9 %

Shares of NYSE:USB traded down $0.89 during mid-day trading on Friday, hitting $45.88. 9,326,979 shares of the company traded hands, compared to its average volume of 9,157,008. The firm's 50 day simple moving average is $48.19 and its 200 day simple moving average is $47.64. The firm has a market cap of $71.57 billion, a P/E ratio of 12.10, a PEG ratio of 1.75 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for 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%. The business's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's payout ratio 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.