U.S. Bancorp (NYSE:USB) Shares Acquired by World Investment Advisors

World Investment Advisors increased its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 26.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,545 shares of the financial services provider's stock after acquiring an additional 13,926 shares during the period. World Investment Advisors' holdings in U.S. Bancorp were worth $3,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westpac Banking Corp raised its stake in U.S. Bancorp by 9.8% during the 4th quarter. Westpac Banking Corp now owns 12,795 shares of the financial services provider's stock worth $612,000 after buying an additional 1,142 shares during the period. OneAscent Financial Services LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth $498,000. Cinctive Capital Management LP bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $4,102,000. Huntington National Bank boosted its holdings in shares of U.S. Bancorp by 45.0% in the fourth quarter. Huntington National Bank now owns 777,918 shares of the financial services provider's stock worth $37,208,000 after acquiring an additional 241,278 shares during the period. Finally, Potomac Fund Management Inc. ADV bought a new position in U.S. Bancorp in the 4th quarter worth about $1,234,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Trading Down 6.2 %

Shares of NYSE:USB traded down $2.44 during trading hours on Thursday, hitting $36.86. 5,521,366 shares of the company's stock traded hands, compared to its average volume of 8,870,281. The business has a fifty day moving average price of $43.85 and a 200-day moving average price of $47.13. 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 firm has a market capitalization of $57.43 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

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U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Analyst Ratings Changes

USB has been the topic of several recent research reports. DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price objective for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Bank of America cut their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group decreased their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Finally, Piper Sandler raised U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price objective for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average target price of $52.52.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, 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 sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 209,482 shares in the company, valued at approximately $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 219,812 shares of company stock valued at $10,385,665 in the last ninety days. Corporate insiders own 0.23% of the company's stock.

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.