Schaper Benz & Wise Investment Counsel Inc. WI Reduces Stake in U.S. Bancorp (NYSE:USB)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in U.S. Bancorp (NYSE:USB) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 294,230 shares of the financial services provider’s stock after selling 2,601 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in U.S. Bancorp were worth $14,073,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. United Community Bank lifted its stake in shares of U.S. Bancorp by 4.0% in the 4th quarter. United Community Bank now owns 40,270 shares of the financial services provider’s stock valued at $1,926,000 after purchasing an additional 1,555 shares during the last quarter. Amundi lifted its stake in shares of U.S. Bancorp by 7.4% in the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider’s stock valued at $945,268,000 after purchasing an additional 1,341,407 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $33,000. Larson Financial Group LLC lifted its stake in shares of U.S. Bancorp by 44.7% in the 4th quarter. Larson Financial Group LLC now owns 15,629 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 4,829 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its stake in shares of U.S. Bancorp by 78.0% in the 4th quarter. AMF Tjanstepension AB now owns 947,382 shares of the financial services provider’s stock valued at $45,382,000 after purchasing an additional 415,277 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.9 %

NYSE:USB opened at $44.77 on Friday. The stock’s 50 day moving average price is $47.54 and its 200 day moving average price is $47.90. The company has a market capitalization of $69.84 billion, a PE ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) 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. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

USB has been the topic of several research reports. 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. Compass Point increased their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley decreased their target price on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Truist Financial initiated 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. 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value 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 $58,132,431. The trade was a 7.66 % 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 valued at $10,385,665. 0.23% of the stock is owned by company insiders.

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.