U.S. Bancorp (NYSE:USB) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in U.S. Bancorp (NYSE:USB) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,111 shares of the financial services provider’s stock after selling 1,855 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of USB. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Mufg Bank LTD. boosted its holdings in U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. FMR LLC boosted its holdings in U.S. Bancorp by 1.8% in the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after purchasing an additional 674,583 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in U.S. Bancorp by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock valued at $1,028,859,000 after purchasing an additional 1,610,004 shares in the last quarter. Finally, Aristotle Capital Management LLC boosted its holdings in U.S. Bancorp by 266.6% in the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after purchasing an additional 17,066,479 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on USB. DA Davidson lowered their price target on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. UBS Group reduced their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Oppenheimer reduced their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Finally, Wells Fargo & Company reduced their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.14.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.13 during trading hours on Friday, hitting $41.12. The stock had a trading volume of 4,512,229 shares, compared to its average volume of 7,300,433. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $64.07 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The stock’s fifty day moving average is $42.34 and its two-hundred day moving average is $40.11.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 earnings per share. As a group, analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis 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 currently 64.90%.

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.