Pioneer Trust Bank N A OR Has $1.21 Million Stake in U.S. Bancorp (NYSE:USB)

Pioneer Trust Bank N A OR lowered its stake in U.S. Bancorp (NYSE:USB) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,333 shares of the financial services provider’s stock after selling 1,440 shares during the period. Pioneer Trust Bank N A OR’s holdings in U.S. Bancorp were worth $1,212,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Prudential PLC raised its stake in shares of U.S. Bancorp by 34.6% in the 4th quarter. Prudential PLC now owns 101,414 shares of the financial services provider’s stock valued at $4,851,000 after acquiring an additional 26,092 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of U.S. Bancorp by 84.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 34,700 shares of the financial services provider’s stock valued at $1,660,000 after purchasing an additional 15,864 shares during the period. World Investment Advisors lifted its stake in shares of U.S. Bancorp by 26.5% in the fourth quarter. World Investment Advisors now owns 66,545 shares of the financial services provider’s stock worth $3,183,000 after buying an additional 13,926 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of U.S. Bancorp by 9.8% during the 4th quarter. Westpac Banking Corp now owns 12,795 shares of the financial services provider’s stock worth $612,000 after buying an additional 1,142 shares during the period. Finally, OneAscent Financial Services LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $498,000. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock worth $10,385,665 in the last quarter. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Oppenheimer boosted 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. Wells Fargo & Company lowered their target price on U.S. Bancorp from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Barclays upped their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.89.

U.S. Bancorp Stock Down 5.2 %

Shares of NYSE:USB opened at $36.78 on Friday. The company’s fifty day moving average is $44.92 and its 200-day moving average is $47.41. 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 52 week low of $35.74 and a 52 week high of $53.98. The company has a market capitalization of $57.30 billion, a PE ratio of 9.70, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

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.