U.S. Bancorp (NYSE:USB) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC cut its position in U.S. Bancorp (NYSE:USB) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,566 shares of the financial services provider’s stock after selling 9,343 shares during the period. Royal Fund Management LLC’s holdings in U.S. Bancorp were worth $4,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in USB. AJOVista LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth $186,000. Axxcess Wealth Management LLC grew its stake in U.S. Bancorp by 36.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 20,563 shares of the financial services provider’s stock valued at $890,000 after acquiring an additional 5,544 shares in the last quarter. Merit Financial Group LLC raised its holdings in U.S. Bancorp by 18.6% in the 4th quarter. Merit Financial Group LLC now owns 22,311 shares of the financial services provider’s stock valued at $966,000 after acquiring an additional 3,504 shares during the last quarter. Horan Capital Advisors LLC. boosted its holdings in shares of U.S. Bancorp by 14.8% during the 4th quarter. Horan Capital Advisors LLC. now owns 30,573 shares of the financial services provider’s stock worth $1,323,000 after purchasing an additional 3,935 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of U.S. Bancorp by 271.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 116,755 shares of the financial services provider’s stock valued at $5,053,000 after purchasing an additional 85,331 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on USB shares. Morgan Stanley boosted their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Barclays cut their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company decreased their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Finally, Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Stock Up 1.1 %

USB stock traded up $0.44 during mid-day trading on Friday, reaching $41.41. The company had a trading volume of 5,091,249 shares, compared to its average volume of 7,675,372. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The company has a market capitalization of $64.62 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a fifty day simple moving average of $42.32 and a 200 day simple moving average of $40.41.

U.S. Bancorp (NYSE:USB) last issued 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. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the company earned $1.16 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. Analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.73%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

About U.S. Bancorp

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.