Mariner LLC reduced its position in shares of U.S. Bancorp (NYSE:USB – Free Report) by 18.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 470,688 shares of the financial services provider’s stock after selling 108,044 shares during the period. Mariner LLC’s holdings in U.S. Bancorp were worth $15,561,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of USB. Visionary Wealth Advisors lifted its holdings in shares of U.S. Bancorp by 9.0% during the 3rd quarter. Visionary Wealth Advisors now owns 109,496 shares of the financial services provider’s stock valued at $3,620,000 after buying an additional 9,033 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of U.S. Bancorp by 4.4% during the third quarter. Clearbridge Investments LLC now owns 4,978,278 shares of the financial services provider’s stock worth $164,582,000 after buying an additional 210,949 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of U.S. Bancorp by 23.3% during the third quarter. Hsbc Holdings PLC now owns 2,607,794 shares of the financial services provider’s stock worth $86,234,000 after buying an additional 492,775 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of U.S. Bancorp by 63.0% during the third quarter. V Square Quantitative Management LLC now owns 18,101 shares of the financial services provider’s stock worth $598,000 after buying an additional 6,994 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of U.S. Bancorp by 2.9% during the third quarter. CI Investments Inc. now owns 44,981 shares of the financial services provider’s stock worth $1,487,000 after buying an additional 1,251 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.
Insider Buying and Selling at U.S. Bancorp
In other news, insider Terrance R. Dolan sold 22,756 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $45.04, for a total transaction of $1,024,930.24. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,496,389.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Terrance R. Dolan sold 22,756 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.04, for a total transaction of $1,024,930.24. Following the completion of the sale, the insider now owns 144,236 shares in the company, valued at $6,496,389.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shailesh M. Kotwal sold 2,954 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $39.56, for a total value of $116,860.24. Following the transaction, the insider now directly owns 119,768 shares in the company, valued at approximately $4,738,022.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,021 shares of company stock worth $3,760,229. 0.24% of the stock is currently owned by insiders.
U.S. Bancorp Stock Performance
Shares of NYSE USB opened at $41.36 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average price is $42.16 and its two-hundred day moving average price is $37.92. U.S. Bancorp has a one year low of $27.27 and a one year high of $48.24. The firm has a market cap of $64.44 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.10 and a beta of 1.04.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.85 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post 3.93 EPS for the current year.
U.S. Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.49 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.
Wall Street Analysts Forecast Growth
USB has been the topic of a number of research reports. Morgan Stanley boosted their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Oppenheimer boosted their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Robert W. Baird cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Friday, December 15th. Finally, Royal Bank of Canada upped their price target on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $45.35.
Get Our Latest Report on U.S. Bancorp
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.
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