U.S. Bancorp (NYSE:USB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 13.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,420 shares of the financial services provider’s stock after selling 27,796 shares during the quarter. Mutual of America Capital Management LLC’s holdings in U.S. Bancorp were worth $7,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in USB. Covestor Ltd increased its holdings in shares of U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 214 shares during the last quarter. TrinityPoint Wealth LLC increased its holdings in shares of U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 231 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of U.S. Bancorp by 36.6% during the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 242 shares during the last quarter. Bestgate Wealth Advisors LLC increased its holdings in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 253 shares during the last quarter. Finally, YANKCOM Partnership increased its holdings in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

USB has been the subject of several recent analyst reports. DA Davidson increased their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Citigroup increased their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada decreased their target price on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. TD Cowen initiated coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a “buy” rating and a $60.00 target price for the company. Finally, Truist Financial increased their target price on U.S. Bancorp from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $52.55.

U.S. Bancorp Trading Down 0.2%

Shares of USB opened at $44.45 on Thursday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $45.24 and a 200-day simple moving average of $44.02. The stock has a market cap of $69.26 billion, a PE ratio of 10.63, a PEG ratio of 1.40 and a beta of 1.01.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The business had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the firm posted $0.98 EPS. U.S. Bancorp’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.85%.

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.