Entropy Technologies LP Sells 158,567 Shares of U.S. Bancorp (NYSE:USB)

Entropy Technologies LP lessened its position in U.S. Bancorp (NYSE:USB - Free Report) by 90.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,565 shares of the financial services provider's stock after selling 158,567 shares during the quarter. Entropy Technologies LP's holdings in U.S. Bancorp were worth $792,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USB. AMF Tjanstepension AB lifted its position in shares of 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 worth $24,401,000 after acquiring an additional 76,914 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of U.S. Bancorp by 46.9% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 3,941 shares of the financial services provider's stock valued at $180,000 after buying an additional 1,258 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of U.S. Bancorp during the 3rd quarter worth about $44,000. Procyon Advisors LLC boosted its holdings in U.S. Bancorp by 4.1% during the third quarter. Procyon Advisors LLC now owns 20,856 shares of the financial services provider's stock valued at $954,000 after purchasing an additional 823 shares in the last quarter. Finally, Iams Wealth Management LLC grew its stake in shares of U.S. Bancorp by 3.7% in the 3rd quarter. Iams Wealth Management LLC now owns 34,499 shares of the financial services provider's stock valued at $1,578,000 after purchasing an additional 1,220 shares during the period. 77.60% of the stock is currently owned by institutional investors.

Insider Transactions at U.S. Bancorp

In related 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 value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

NYSE:USB traded up $0.34 during mid-day trading on Friday, hitting $47.73. The stock had a trading volume of 5,398,695 shares, compared to its average volume of 10,225,730. The company's 50 day simple moving average is $48.61 and its 200 day simple moving average is $47.52. The stock has a market cap of $74.46 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.77 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 twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. U.S. Bancorp's dividend payout ratio (DPR) is currently 52.77%.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler raised 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. Barclays boosted their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Oppenheimer upped 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 shares of 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 report on Thursday, December 19th. Finally, DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.21.

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.