Roman Butler Fullerton & Co. Decreases Position in U.S. Bancorp (NYSE:USB)

Roman Butler Fullerton & Co. cut its stake in U.S. Bancorp (NYSE:USB) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,193 shares of the financial services provider’s stock after selling 233 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in U.S. Bancorp were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. Kanawha Capital Management LLC lifted its stake in U.S. Bancorp by 0.8% in the 4th quarter. Kanawha Capital Management LLC now owns 222,544 shares of the financial services provider’s stock worth $10,644,000 after purchasing an additional 1,840 shares in the last quarter. Asset Planning Inc purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $58,000. Banque Pictet & Cie SA purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $239,000. Compagnie Lombard Odier SCmA lifted its stake in U.S. Bancorp by 44.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 86,500 shares of the financial services provider’s stock worth $4,137,000 after purchasing an additional 26,419 shares in the last quarter. Finally, Values Added Financial LLC lifted its stake in U.S. Bancorp by 50.3% in the 4th quarter. Values Added Financial LLC now owns 6,971 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 2,333 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the insider now directly owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on USB shares. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Monday, January 13th. Oppenheimer raised their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a report on Thursday, October 24th. Finally, Barclays raised their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Stock Performance

NYSE:USB opened at $47.73 on Friday. The company has a fifty day simple moving average of $48.61 and a two-hundred day simple moving average of $47.52. The company has a market cap of $74.46 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.99 earnings per share. As a group, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid 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 4.19%. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

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.