U.S. Bancorp (NYSE:USB) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its holdings in U.S. Bancorp (NYSE:USB) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,900 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in U.S. Bancorp were worth $4,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USB. AMF Tjanstepension AB increased its holdings in shares of U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after buying an additional 76,914 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of U.S. Bancorp by 4.1% in the 3rd quarter. Procyon Advisors LLC now owns 20,856 shares of the financial services provider’s stock worth $954,000 after acquiring an additional 823 shares during the last quarter. Swedbank AB raised its position in shares of U.S. Bancorp by 5.1% during the third quarter. Swedbank AB now owns 541,266 shares of the financial services provider’s stock worth $24,752,000 after purchasing an additional 26,281 shares during the period. Lynch & Associates IN lifted its holdings in shares of U.S. Bancorp by 2.4% during the third quarter. Lynch & Associates IN now owns 65,955 shares of the financial services provider’s stock valued at $3,016,000 after purchasing an additional 1,575 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its position in shares of U.S. Bancorp by 2.4% in the 3rd quarter. Bill Few Associates Inc. now owns 43,329 shares of the financial services provider’s stock valued at $1,981,000 after purchasing an additional 997 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, 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. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 over the last three months. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.1 %

Shares of NYSE USB opened at $47.52 on Thursday. The business has a 50 day simple moving average of $48.88 and a 200 day simple moving average of $47.50. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The stock has a market cap of $74.13 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate 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 company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research report on Thursday, December 19th. Finally, Truist Financial started coverage on shares of 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. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp 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.