Aviso Wealth Management Sells 459 Shares of U.S. Bancorp (NYSE:USB)

Aviso Wealth Management decreased its position in shares of U.S. Bancorp (NYSE:USB) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 37,629 shares of the financial services provider’s stock after selling 459 shares during the quarter. U.S. Bancorp makes up 0.9% of Aviso Wealth Management’s investment portfolio, making the stock its 26th largest position. Aviso Wealth Management’s holdings in U.S. Bancorp were worth $1,800,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $435,000. Penobscot Investment Management Company Inc. boosted its holdings in U.S. Bancorp by 4.6% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 11,753 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 522 shares during the period. Summitry LLC increased its holdings in shares of U.S. Bancorp by 2.2% in the fourth quarter. Summitry LLC now owns 113,788 shares of the financial services provider’s stock worth $5,442,000 after purchasing an additional 2,440 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in U.S. Bancorp during the fourth quarter valued at $32,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in U.S. Bancorp by 9.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 791,084 shares of the financial services provider’s stock valued at $37,838,000 after buying an additional 67,011 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

USB stock opened at $43.70 on Wednesday. The company has a market cap of $68.09 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The stock’s fifty day moving average price is $46.11 and its 200-day moving average price is $47.63.

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, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.58%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio is 52.77%.

Insiders Place Their Bets

In related news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jodi L. Richard sold 30,000 shares of the company’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 value of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares of the company’s stock, valued at $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 sold a total of 219,812 shares of company stock worth $10,385,665 over the last three months. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on USB shares. Morgan Stanley dropped their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Truist Financial assumed coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective on the stock. Citigroup cut their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays raised their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $53.48.

About U.S. Bancorp

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.