Morningstar Investment Management LLC Decreases Position in U.S. Bancorp (NYSE:USB)

Morningstar Investment Management LLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 63.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,514 shares of the financial services provider's stock after selling 33,863 shares during the quarter. Morningstar Investment Management LLC's holdings in U.S. Bancorp were worth $933,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC lifted its holdings in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 490 shares during the period. Global Wealth Strategies & Associates lifted its stake in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 250 shares during the period. Stonebridge Financial Group LLC purchased a new stake in U.S. Bancorp during the fourth quarter worth $30,000. Frazier Financial Advisors LLC grew its position in 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 valued at $29,000 after buying an additional 441 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial began coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price on the stock. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Evercore ISI boosted their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Morgan Stanley dropped their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp 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 in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last 90 days. 0.23% of the stock is owned by insiders.

U.S. Bancorp Trading Down 1.9 %

Shares of USB stock traded down $0.89 on Friday, hitting $45.88. 9,326,979 shares of the stock traded hands, compared to its average volume of 9,157,008. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a market capitalization of $71.57 billion, a PE ratio of 12.10, a PEG ratio of 1.75 and a beta of 1.04. The firm's 50-day moving average price is $48.29 and its two-hundred day moving average price is $47.61. 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 (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping 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 company had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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