U.S. Bancorp $USB Holdings Trimmed by CWA Asset Management Group LLC

CWA Asset Management Group LLC reduced its position in shares of U.S. Bancorp (NYSE:USB) by 88.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,058 shares of the financial services provider’s stock after selling 126,647 shares during the period. CWA Asset Management Group LLC’s holdings in U.S. Bancorp were worth $910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $507,000. Gilbert & Cook Inc. boosted its holdings in U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after buying an additional 184 shares in the last quarter. Sagespring Wealth Partners LLC boosted its holdings in U.S. Bancorp by 25.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 33,591 shares of the financial services provider’s stock worth $1,792,000 after buying an additional 6,756 shares in the last quarter. Riversedge Advisors LLC acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $338,000. Finally, Ransom Advisory Ltd grew its position in U.S. Bancorp by 8.8% in the fourth quarter. Ransom Advisory Ltd now owns 6,190 shares of the financial services provider’s stock worth $330,000 after buying an additional 500 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $51.48 on Tuesday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $79.90 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.87 and a beta of 1.04. The business has a fifty day simple moving average of $55.39 and a 200-day simple moving average of $51.73.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is 45.02%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on USB. UBS Group reiterated a “neutral” rating and set a $60.00 price objective on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Evercore boosted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. HSBC reaffirmed a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a report on Wednesday, January 7th. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods lifted their price target on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $60.02.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.