U.S. Bancorp (NYSE:USB) Shares Sold by Mather Group LLC.

Mather Group LLC. lowered its stake in U.S. Bancorp (NYSE:USB) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,243 shares of the financial services provider’s stock after selling 4,552 shares during the quarter. Mather Group LLC.’s holdings in U.S. Bancorp were worth $530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Scotia Capital Inc. lifted its holdings in U.S. Bancorp by 2.9% in the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 990 shares during the last quarter. Spinnaker Trust acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $220,000. Tealwood Asset Management Inc. lifted its holdings in U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after acquiring an additional 15,665 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $4,073,000. Finally, abrdn plc lifted its holdings in U.S. Bancorp by 71.9% in the 4th quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock valued at $28,236,000 after acquiring an additional 272,976 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

USB stock opened at $41.05 on Thursday. The firm has a 50 day moving average of $42.33 and a two-hundred day moving average of $40.34. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a market capitalization of $63.96 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 2.15 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the business earned $1.16 EPS. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that U.S. Bancorp will post 3.85 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s payout ratio is presently 64.90%.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

USB has been the subject of a number of research analyst reports. Evercore ISI upped their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Wells Fargo & Company cut their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Royal Bank of Canada boosted their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Jefferies Financial Group boosted their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.02.

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.