U.S. Bancorp (NYSE:USB) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its stake in U.S. Bancorp (NYSE:USB - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,962 shares of the financial services provider's stock after selling 182,634 shares during the quarter. Wealthfront Advisers LLC's holdings in U.S. Bancorp were worth $285,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in USB. Winch Advisory Services LLC lifted its stake in shares of 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 valued at $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $26,000. FPC Investment Advisory Inc. acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $28,000. 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 last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $30,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jodi L. Richard sold 30,000 shares of the 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 sale, the insider now directly owns 99,790 shares of the company's stock, valued at $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last quarter. 0.23% of the stock is owned by insiders.

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U.S. Bancorp Stock Up 0.4 %

Shares of USB traded up $0.16 during mid-day trading on Friday, reaching $42.77. The company's stock had a trading volume of 68,987,561 shares, compared to its average volume of 10,983,529. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The stock has a market cap of $66.63 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. 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 company's 50 day moving average is $46.40 and its 200 day moving average is $47.66.

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 earnings per share (EPS) 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 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 firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. Equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.68%. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Analysts Set New Price Targets

Several equities analysts have 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. Truist Financial began coverage on 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. The Goldman Sachs Group decreased their target price on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday. Citigroup raised U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their target price for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Oppenheimer increased their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.93.

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.