Clarkston Capital Partners LLC Trims Holdings in U.S. Bancorp (NYSE:USB)

Clarkston Capital Partners LLC trimmed its position in U.S. Bancorp (NYSE:USB - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 702,707 shares of the financial services provider's stock after selling 19,791 shares during the period. Clarkston Capital Partners LLC's holdings in U.S. Bancorp were worth $33,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in U.S. Bancorp by 229.5% in the 3rd quarter. Janus Henderson Group PLC now owns 845,686 shares of the financial services provider's stock worth $38,671,000 after buying an additional 588,999 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of U.S. Bancorp by 267.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 19,036 shares of the financial services provider's stock worth $871,000 after acquiring an additional 13,849 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of U.S. Bancorp by 5.9% during the third quarter. Integrated Wealth Concepts LLC now owns 31,917 shares of the financial services provider's stock worth $1,460,000 after purchasing an additional 1,792 shares during the last quarter. IHT Wealth Management LLC lifted its position in U.S. Bancorp by 6.4% during the third quarter. IHT Wealth Management LLC now owns 11,635 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 697 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in U.S. Bancorp in the third quarter valued at $229,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

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U.S. Bancorp Price Performance

USB traded up $0.05 on Friday, reaching $37.30. 8,044,088 shares of the company's stock were exchanged, compared to its average volume of 8,933,482. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The stock has a market cap of $58.11 billion, a PE ratio of 9.83, a P/E/G ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock's fifty day moving average price is $43.65 and its 200-day moving average price is $47.07.

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 for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company posted $0.99 EPS. The business's revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.36%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on USB shares. Piper Sandler raised 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. The Goldman Sachs Group decreased their price target on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Thursday, April 3rd. 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 for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.52.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares of the company's stock, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 in the company, valued at $4,749,006.10. This represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is currently owned by insiders.

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.