U.S. Bancorp (NYSE:USB) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,372 shares of the financial services provider’s stock after selling 764 shares during the period. Meeder Advisory Services Inc.’s holdings in U.S. Bancorp were worth $1,548,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of USB. Benjamin Edwards Inc. grew its position in U.S. Bancorp by 1,261.6% during the third quarter. Benjamin Edwards Inc. now owns 142,264 shares of the financial services provider’s stock valued at $6,506,000 after buying an additional 131,816 shares during the period. HighTower Advisors LLC boosted its stake in shares of U.S. Bancorp by 31.3% during the 3rd quarter. HighTower Advisors LLC now owns 829,130 shares of the financial services provider’s stock worth $37,930,000 after acquiring an additional 197,725 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of U.S. Bancorp by 229.5% during the 3rd quarter. Janus Henderson Group PLC now owns 845,686 shares of the financial services provider’s stock valued at $38,671,000 after acquiring an additional 588,999 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of U.S. Bancorp by 267.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 19,036 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 13,849 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its holdings in U.S. Bancorp by 49.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 51,851 shares of the financial services provider’s stock worth $2,371,000 after purchasing an additional 17,200 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares of the company’s stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Trading Up 3.1 %

Shares of USB opened at $43.05 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $45.36 and a 200 day moving average price of $47.52. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The firm has a market capitalization of $67.07 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last announced its quarterly 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. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. Sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Wall Street Analyst Weigh In

USB has been the topic of several research analyst reports. Oppenheimer boosted their price objective 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. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. Bank of America reduced their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Finally, Citigroup reduced their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.21.

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.