Pathstone Holdings LLC Trims Stock Position in U.S. Bancorp (NYSE:USB)

Pathstone Holdings LLC lessened its position in shares of U.S. Bancorp (NYSE:USB) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,607 shares of the financial services provider’s stock after selling 1,987 shares during the quarter. Pathstone Holdings LLC’s holdings in U.S. Bancorp were worth $14,102,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP boosted its position in U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 210 shares during the last quarter. HCR Wealth Advisors increased its stake in U.S. Bancorp by 1.1% during the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider’s stock worth $962,000 after buying an additional 211 shares during the period. Covestor Ltd increased its stake in U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock worth $94,000 after buying an additional 214 shares during the period. Priebe Wealth Holdings LLC increased its stake in U.S. Bancorp by 4.4% during the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider’s stock worth $243,000 after buying an additional 215 shares during the period. Finally, Essex Savings Bank increased its position in shares of U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. DA Davidson dropped their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Piper Sandler reduced their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group cut their price target 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. Citigroup dropped their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.48.

U.S. Bancorp Price Performance

Shares of USB stock opened at $44.20 on Thursday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market cap of $68.86 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.97. The stock has a 50-day moving average price of $40.68 and a 200 day moving average price of $46.07.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the business posted $0.78 EPS. Research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s payout ratio is presently 49.50%.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani bought 5,000 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.