IFG Advisors LLC Sells 352 Shares of U.S. Bancorp (NYSE:USB)

IFG Advisors LLC trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 16,274 shares of the financial services provider’s stock after selling 352 shares during the quarter. IFG Advisors LLC’s holdings in U.S. Bancorp were worth $778,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of USB. Pinnacle Associates Ltd. lifted its position in shares of U.S. Bancorp by 5.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 55,179 shares of the financial services provider’s stock valued at $2,388,000 after acquiring an additional 2,959 shares during the period. Diversify Wealth Management LLC lifted its position in shares of U.S. Bancorp by 29.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,555 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 1,722 shares during the period. Stephens Inc. AR lifted its position in shares of U.S. Bancorp by 1.9% during the 3rd quarter. Stephens Inc. AR now owns 293,371 shares of the financial services provider’s stock valued at $13,416,000 after acquiring an additional 5,486 shares during the period. Principal Securities Inc. lifted its position in shares of U.S. Bancorp by 9.3% during the 3rd quarter. Principal Securities Inc. now owns 56,619 shares of the financial services provider’s stock valued at $2,589,000 after acquiring an additional 4,820 shares during the period. Finally, Focus Financial Network Inc. lifted its position in shares of U.S. Bancorp by 2.3% during the 3rd quarter. Focus Financial Network Inc. now owns 64,317 shares of the financial services provider’s stock valued at $2,973,000 after acquiring an additional 1,473 shares during the period. 77.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 198,127 shares in the company, valued at $9,440,751.55. This represents a 9.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $46.93 on Friday. The stock has a market cap of $73.20 billion, a PE ratio of 12.38, a PEG ratio of 1.73 and a beta of 1.04. The business has a 50-day simple moving average of $47.91 and a two-hundred day simple moving average of $47.83. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results 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 company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on USB. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Barclays boosted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Compass Point boosted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target for the company in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

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.