Duncker Streett & Co. Inc. Reduces Stake in U.S. Bancorp (NYSE:USB)

Duncker Streett & Co. Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,437 shares of the financial services provider’s stock after selling 261 shares during the period. Duncker Streett & Co. Inc.’s holdings in U.S. Bancorp were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in U.S. Bancorp by 8.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,885,816 shares of the financial services provider’s stock valued at $233,689,000 after buying an additional 398,959 shares during the last quarter. WR Wealth Planners LLC boosted its position in U.S. Bancorp by 74.7% in the fourth quarter. WR Wealth Planners LLC now owns 1,055 shares of the financial services provider’s stock valued at $50,000 after buying an additional 451 shares during the last quarter. Sage Investment Counsel LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $575,000. SVB Wealth LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $367,000. Finally, Dynasty Wealth Management LLC boosted its position in U.S. Bancorp by 34.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 9,010 shares of the financial services provider’s stock valued at $431,000 after buying an additional 2,326 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 1.4 %

NYSE USB opened at $46.93 on Friday. The business has a fifty day moving average price of $47.91 and a 200 day moving average price of $47.83. U.S. Bancorp has a one year low of $37.81 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 0.81. The company has a market cap of $73.20 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same period last year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analyst Upgrades and Downgrades

USB has been the topic of several recent research reports. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research report on Monday, January 13th. Compass Point upped their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Oppenheimer upped their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, Truist Financial initiated coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

Insider Transactions at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company’s stock, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company 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.