Mutual of America Capital Management LLC Decreases Holdings in U.S. Bancorp (NYSE:USB)

Mutual of America Capital Management LLC reduced its stake in U.S. Bancorp (NYSE:USB) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 209,216 shares of the financial services provider’s stock after selling 6,920 shares during the period. Mutual of America Capital Management LLC’s holdings in U.S. Bancorp were worth $10,007,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC boosted its stake in U.S. Bancorp by 34.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 9,010 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 2,326 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of U.S. Bancorp by 3.4% in the 4th quarter. Private Trust Co. NA now owns 21,548 shares of the financial services provider’s stock worth $1,031,000 after purchasing an additional 699 shares during the period. Parkside Financial Bank & Trust lifted its stake in U.S. Bancorp by 20.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 22,176 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 3,689 shares during the last quarter. Verus Capital Partners LLC bought a new position in U.S. Bancorp during the fourth quarter valued at $201,000. Finally, Peloton Wealth Strategists increased its position in U.S. Bancorp by 5.0% in the fourth quarter. Peloton Wealth Strategists now owns 28,225 shares of the financial services provider’s stock worth $1,350,000 after buying an additional 1,350 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the sale, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $46.93 on Friday. 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 stock has a 50-day moving average price of $47.91 and a 200-day moving average price of $47.83. The company has a market cap of $73.20 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a 12-month low of $37.81 and a 12-month 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 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 analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.26%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on USB. Morgan Stanley cut their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Monday, January 13th. Oppenheimer lifted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Compass Point upped their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.21.

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.