Farmers & Merchants Investments Inc. Acquires 6,805 Shares of U.S. Bancorp (NYSE:USB)

Farmers & Merchants Investments Inc. increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,543 shares of the financial services provider's stock after acquiring an additional 6,805 shares during the period. Farmers & Merchants Investments Inc.'s holdings in U.S. Bancorp were worth $12,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of USB. Winch Advisory Services LLC grew its stake in shares of 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 in the last quarter. Frazier Financial Advisors LLC boosted its holdings in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 441 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in U.S. Bancorp by 70.8% during 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 during the period. Global Trust Asset Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at $33,000. Finally, Albion Financial Group UT lifted its holdings in shares of 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 purchasing an additional 335 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 99,790 shares of the company's stock, valued at $4,749,006.10. This represents a 23.11 % 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 the stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on USB. Piper Sandler raised shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price objective on the stock in a research report on Monday, January 13th. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Truist Financial assumed coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price objective for the company. Stephens lifted their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Finally, Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.21.

U.S. Bancorp Stock Down 0.1 %

Shares of NYSE:USB traded down $0.07 during trading on Wednesday, hitting $47.52. The company's stock had a trading volume of 6,180,126 shares, compared to its average volume of 9,531,829. The company has a market capitalization of $74.13 billion, a PE ratio of 12.54, a P/E/G ratio of 1.77 and a beta of 1.04. The business has a 50 day moving average price of $48.88 and a two-hundred day moving average price of $47.50. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. 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 data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for 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 business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 EPS. As a group, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

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.