U.S. Bancorp (NYSE:USB) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in U.S. Bancorp (NYSE:USB - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 443,108 shares of the financial services provider's stock after selling 44,161 shares during the quarter. Thrivent Financial for Lutherans' holdings in U.S. Bancorp were worth $21,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tocqueville Asset Management L.P. lifted its holdings in U.S. Bancorp by 0.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 533,065 shares of the financial services provider's stock worth $25,496,000 after buying an additional 1,853 shares in the last quarter. Arrien Investments Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth $282,000. 1ST Source Bank raised its stake in shares of U.S. Bancorp by 0.9% in the fourth quarter. 1ST Source Bank now owns 32,098 shares of the financial services provider's stock valued at $1,535,000 after acquiring an additional 285 shares in the last quarter. Signaturefd LLC grew its stake in U.S. Bancorp by 2.0% during the 4th quarter. Signaturefd LLC now owns 22,548 shares of the financial services provider's stock worth $1,078,000 after purchasing an additional 449 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV grew its stake in U.S. Bancorp by 1.2% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 32,063 shares of the financial services provider's stock worth $1,538,000 after purchasing an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

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U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.06 during midday trading on Tuesday, reaching $43.70. 7,375,359 shares of the company were exchanged, compared to its average volume of 8,056,063. The stock has a market cap of $68.09 billion, a P/E ratio of 11.53, a PEG ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The stock has a fifty day simple moving average of $46.21 and a 200 day simple moving average of $47.63. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results 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. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

USB has been the subject of several recent research reports. Morgan Stanley decreased their price objective on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group lowered their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Truist Financial assumed coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price objective on the stock. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a report on Thursday, December 19th. Finally, Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.48.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business's 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 transaction, 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 SEC, which is accessible through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 over the last ninety days. 0.23% of the stock is currently owned by company 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.