Ashton Thomas Private Wealth LLC Sells 3,186 Shares of U.S. Bancorp (NYSE:USB)

Ashton Thomas Private Wealth LLC decreased its holdings in U.S. Bancorp (NYSE:USB) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,499 shares of the financial services provider’s stock after selling 3,186 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in U.S. Bancorp were worth $2,054,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Strategic Family Wealth Counselors L.L.C. lifted its position in U.S. Bancorp by 15.6% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 6,018 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 810 shares in the last quarter. Callan Family Office LLC lifted its position in U.S. Bancorp by 494.2% in the 4th quarter. Callan Family Office LLC now owns 36,810 shares of the financial services provider’s stock valued at $1,761,000 after acquiring an additional 30,615 shares in the last quarter. Candriam S.C.A. lifted its position in U.S. Bancorp by 17.0% in the 4th quarter. Candriam S.C.A. now owns 157,837 shares of the financial services provider’s stock valued at $7,549,000 after acquiring an additional 22,897 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in U.S. Bancorp by 12.7% in the 4th quarter. Freestone Capital Holdings LLC now owns 6,463 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 726 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in U.S. Bancorp by 1,038.6% in the 4th quarter. Washington Trust Advisors Inc. now owns 3,746 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 3,417 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Oppenheimer lifted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Monday, January 13th. Morgan Stanley dropped their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Barclays lifted their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. 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 data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Up 0.9 %

U.S. Bancorp stock opened at $44.77 on Friday. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The firm has a market capitalization of $69.84 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a 50 day simple moving average of $47.54 and a 200 day simple moving average of $47.90.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the business earned $0.99 EPS. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. U.S. Bancorp’s dividend payout ratio is 52.77%.

Insider Activity at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company’s stock, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. Corporate insiders own 0.23% of the company’s stock.

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.