U.S. Bancorp (NYSE:USB) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lowered its holdings in U.S. Bancorp (NYSE:USB) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,429 shares of the financial services provider’s stock after selling 450 shares during the quarter. Horan Capital Advisors LLC.’s holdings in U.S. Bancorp were worth $1,408,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Alley Investment Management Company LLC lifted its holdings in U.S. Bancorp by 3.5% in the fourth quarter. Alley Investment Management Company LLC now owns 139,557 shares of the financial services provider’s stock valued at $6,675,000 after acquiring an additional 4,758 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in U.S. Bancorp by 5.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 115,048 shares of the financial services provider’s stock valued at $5,552,000 after acquiring an additional 6,236 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in U.S. Bancorp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider’s stock valued at $2,381,443,000 after acquiring an additional 2,460,845 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in U.S. Bancorp by 68.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 64,468 shares of the financial services provider’s stock valued at $3,084,000 after acquiring an additional 26,251 shares during the period. Finally, Bedel Financial Consulting Inc. lifted its holdings in U.S. Bancorp by 10.7% in the fourth quarter. Bedel Financial Consulting Inc. now owns 13,994 shares of the financial services provider’s stock valued at $663,000 after acquiring an additional 1,350 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Oppenheimer raised their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Compass Point raised their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays raised their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Truist Financial assumed coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

NYSE USB opened at $46.21 on Tuesday. The firm has a market capitalization of $72.08 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The business’s 50-day simple moving average is $47.87 and its 200-day simple moving average is $47.90.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Insider Activity

In related news, EVP James L. Chosy sold 21,451 shares of the business’s stock in a transaction that occurred on 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 directly owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 in the last three months. Corporate insiders own 0.23% of the company’s stock.

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.