U.S. Bancorp (NYSE:USB) Shares Sold by Detalus Advisors LLC
by Doug Wharley · The Cerbat GemDetalus Advisors LLC cut its holdings in shares of U.S. Bancorp (NYSE:USB – Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,523 shares of the financial services provider’s stock after selling 1,102 shares during the period. U.S. Bancorp comprises about 1.1% of Detalus Advisors LLC’s portfolio, making the stock its 20th biggest position. Detalus Advisors LLC’s holdings in U.S. Bancorp were worth $3,611,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock worth $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. FMR LLC boosted its stake in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock valued at $3,210,624,000 after buying an additional 3,211,815 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of U.S. Bancorp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider’s stock worth $2,381,443,000 after buying an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC grew its position in shares of U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider’s stock worth $1,618,948,000 after buying an additional 850,763 shares in the last quarter. Finally, Amundi increased its stake in shares of U.S. Bancorp by 7.4% during the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider’s stock worth $945,268,000 after buying an additional 1,341,407 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on USB. DA Davidson decreased their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Royal Bank Of Canada decreased their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Oppenheimer increased their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a report on Monday, April 28th. Truist Financial dropped their target price on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price target on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.72.
Get Our Latest Stock Report on U.S. Bancorp
U.S. Bancorp Trading Up 2.7%
NYSE USB opened at $46.46 on Wednesday. The firm’s fifty day moving average is $43.23 and its two-hundred day moving average is $44.43. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $72.39 billion, a PE ratio of 11.50, a P/E/G ratio of 1.70 and a beta of 0.99.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings data 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. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the business earned $0.78 EPS. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.30%. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.
Insider Transactions at U.S. Bancorp
In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director owned 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.
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.
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