Meitav Investment House Ltd. Lowers Holdings in U.S. Bancorp (NYSE:USB)

Meitav Investment House Ltd. cut its holdings in U.S. Bancorp (NYSE:USB) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,142 shares of the financial services provider’s stock after selling 2,133 shares during the period. Meitav Investment House Ltd.’s holdings in U.S. Bancorp were worth $879,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vestcor Inc raised its position in U.S. Bancorp by 0.7% during the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 230 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its position in U.S. Bancorp by 1.4% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 265 shares in the last quarter. Acadian Asset Management LLC raised its position in U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 276 shares in the last quarter. Gamco Investors INC. ET AL raised its position in U.S. Bancorp by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 280 shares in the last quarter. Finally, Perkins Capital Management Inc. raised its position in U.S. Bancorp by 2.0% during the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 300 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Down 1.0 %

NYSE USB traded down $0.41 on Friday, reaching $41.51. 2,295,225 shares of the company were exchanged, compared to its average volume of 8,612,285. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $64.68 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The business’s fifty day moving average price is $42.28 and its 200 day moving average price is $39.45.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.85 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $0.49 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.72%. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders have sold 60,265 shares of company stock worth $2,535,903 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on USB. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Barclays raised their price objective on U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Odeon Capital Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price objective on the stock in a report on Thursday, December 14th. Finally, Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.41.

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.