U.S. Bancorp (NYSE:USB) Shares Sold by Bray Capital Advisors

Bray Capital Advisors reduced its stake in U.S. Bancorp (NYSE:USB) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,526 shares of the financial services provider’s stock after selling 1,319 shares during the period. Bray Capital Advisors’ holdings in U.S. Bancorp were worth $1,460,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Boston Financial Mangement LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $204,000. First Bank & Trust grew its stake in shares of U.S. Bancorp by 5.4% during the fourth quarter. First Bank & Trust now owns 81,297 shares of the financial services provider’s stock valued at $3,888,000 after acquiring an additional 4,162 shares in the last quarter. RW Investment Management LLC grew its stake in shares of U.S. Bancorp by 1.2% during the fourth quarter. RW Investment Management LLC now owns 49,932 shares of the financial services provider’s stock valued at $2,388,000 after acquiring an additional 582 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of U.S. Bancorp by 10.3% during the fourth quarter. Handelsbanken Fonder AB now owns 438,943 shares of the financial services provider’s stock valued at $20,995,000 after acquiring an additional 41,059 shares in the last quarter. Finally, Sunpointe LLC grew its stake in shares of U.S. Bancorp by 3.1% during the fourth quarter. Sunpointe LLC now owns 15,154 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 459 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $46.79 on Friday. The firm’s 50-day moving average price is $48.29 and its two-hundred day moving average price is $47.61. The stock has a market capitalization of $73.00 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.78 and a beta of 1.04. 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 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for 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 revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.27%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analyst Ratings Changes

Several brokerages have recently weighed in on USB. Evercore ISI raised their target price on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Monday, January 13th. Oppenheimer increased their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Barclays increased their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

Insider Activity

In related news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp 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 completion of the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Insiders own 0.23% of the company’s stock.

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.