Barrow Hanley Mewhinney & Strauss LLC Cuts Holdings in U.S. Bancorp (NYSE:USB)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,701,560 shares of the financial services provider’s stock after selling 61,634 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in U.S. Bancorp were worth $129,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USB. Intech Investment Management LLC increased its holdings in shares of U.S. Bancorp by 63.1% in the 3rd quarter. Intech Investment Management LLC now owns 15,284 shares of the financial services provider’s stock valued at $699,000 after purchasing an additional 5,911 shares in the last quarter. Vinva Investment Management Ltd increased its holdings in U.S. Bancorp by 80.6% in the third quarter. Vinva Investment Management Ltd now owns 46,760 shares of the financial services provider’s stock valued at $2,127,000 after buying an additional 20,871 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of U.S. Bancorp by 26.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 325,838 shares of the financial services provider’s stock valued at $14,900,000 after acquiring an additional 68,852 shares during the period. Captrust Financial Advisors grew its holdings in shares of U.S. Bancorp by 0.9% in the 3rd quarter. Captrust Financial Advisors now owns 231,910 shares of the financial services provider’s stock worth $10,605,000 after acquiring an additional 2,089 shares during the period. Finally, Acropolis Investment Management LLC increased its stake in U.S. Bancorp by 4.1% in the 3rd quarter. Acropolis Investment Management LLC now owns 13,117 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on USB shares. Truist Financial started coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price target for the company. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Bank of America lowered their target price on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Oppenheimer lifted their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. 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 note on Thursday, December 19th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.21.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $42.21 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm’s 50-day simple moving average is $45.74 and its 200-day simple moving average is $47.57. The firm has a market cap of $65.77 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.74%. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction 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 approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction dated 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 sale, the insider now directly 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. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by insiders.

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.