Wilmington Savings Fund Society FSB Trims Holdings in U.S. Bancorp (NYSE:USB)

Wilmington Savings Fund Society FSB trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,899 shares of the financial services provider's stock after selling 7,920 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in U.S. Bancorp were worth $1,765,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its stake in U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after acquiring an additional 490 shares in the last quarter. Global Wealth Strategies & Associates grew its stake in 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 worth $29,000 after acquiring an additional 250 shares in the last quarter. Frazier Financial Advisors LLC grew its stake in U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after acquiring an additional 441 shares in the last quarter. Global Trust Asset Management LLC bought a new position in U.S. Bancorp in the 4th quarter worth about $33,000. Finally, Albion Financial Group UT grew its stake in U.S. Bancorp by 92.8% in the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock worth $33,000 after acquiring an additional 335 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.17 during midday trading on Thursday, reaching $47.32. The company's stock had a trading volume of 6,352,157 shares, compared to its average volume of 9,422,222. The firm has a market capitalization of $73.83 billion, a PE ratio of 12.49, a P/E/G ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a fifty day moving average of $48.80 and a 200 day moving average of $47.50. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data 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. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.23%. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Insider Activity

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 4th. The shares were 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. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated 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 directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % 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 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of recent research reports. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 17th. Morgan Stanley dropped their price objective 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. Citigroup upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. 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 price objective on the stock. Finally, Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $54.21.

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.