Yousif Capital Management LLC Sells 5,717 Shares of U.S. Bancorp (NYSE:USB)

Yousif Capital Management LLC cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.6% in the 4th quarter, HoldingsChannel reports. The fund owned 216,847 shares of the financial services provider’s stock after selling 5,717 shares during the period. Yousif Capital Management LLC’s holdings in U.S. Bancorp were worth $10,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its position in shares of U.S. Bancorp by 16.9% during the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after buying an additional 76,914 shares during the last quarter. Czech National Bank lifted its stake in U.S. Bancorp by 6.9% during the 3rd quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock valued at $14,537,000 after acquiring an additional 20,522 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in U.S. Bancorp by 11.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 834 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth $303,000. Finally, Callan Family Office LLC raised its holdings in shares of U.S. Bancorp by 15.4% in the third quarter. Callan Family Office LLC now owns 6,195 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company’s stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $47.33 on Thursday. The business has a fifty day moving average price of $49.45 and a 200-day moving average price of $47.42. The firm has a market capitalization of $73.83 billion, a P/E ratio of 12.49, a PEG ratio of 1.77 and a beta of 1.04. 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 one year low of $37.81 and a one year high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. As a group, equities research analysts forecast that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.23%. U.S. Bancorp’s payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent analyst reports. Truist Financial initiated coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective for the company. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Thursday, October 24th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

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.