Goodman Advisory Group LLC Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

Goodman Advisory Group LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,662 shares of the financial services provider’s stock after selling 6,404 shares during the quarter. U.S. Bancorp comprises about 1.6% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 20th largest holding. Goodman Advisory Group LLC’s holdings in U.S. Bancorp were worth $5,484,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Morse Asset Management Inc purchased a new position in U.S. Bancorp in the third quarter worth $229,000. M&T Bank Corp grew its stake in U.S. Bancorp by 2.8% during the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider’s stock worth $38,704,000 after buying an additional 22,803 shares during the last quarter. Wealthquest Corp acquired a new stake in U.S. Bancorp in the 3rd quarter worth approximately $1,160,000. Pine Valley Investments Ltd Liability Co purchased a new stake in U.S. Bancorp during the 3rd quarter worth approximately $229,000. Finally, World Investment Advisors LLC increased its stake in U.S. Bancorp by 6.0% during the 3rd quarter. World Investment Advisors LLC now owns 52,619 shares of the financial services provider’s stock valued at $2,406,000 after purchasing an additional 2,988 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on USB shares. Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group lowered their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Barclays decreased their price target on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday. Piper Sandler cut their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on shares of U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.66.

U.S. Bancorp Price Performance

USB stock opened at $38.21 on Friday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $59.53 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The business has a fifty day moving average of $42.73 and a two-hundred day moving average of $46.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the previous year, the firm earned $0.78 EPS. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 5.23%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

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.