Tweedy Browne Co LLC Lowers Stake in U.S. Bancorp (NYSE:USB)

Tweedy Browne Co LLC lessened its stake in U.S. Bancorp (NYSE:USB) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 231,179 shares of the financial services provider’s stock after selling 16,388 shares during the period. U.S. Bancorp comprises approximately 0.7% of Tweedy Browne Co LLC’s portfolio, making the stock its 21st largest position. Tweedy Browne Co LLC’s holdings in U.S. Bancorp were worth $11,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of U.S. Bancorp by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider’s stock valued at $1,618,948,000 after buying an additional 850,763 shares during the period. StoneX Group Inc. boosted its holdings in U.S. Bancorp by 20.5% during the 4th quarter. StoneX Group Inc. now owns 73,056 shares of the financial services provider’s stock valued at $3,531,000 after acquiring an additional 12,416 shares during the period. HighPoint Advisor Group LLC grew its position in U.S. Bancorp by 18.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 38,525 shares of the financial services provider’s stock valued at $1,833,000 after acquiring an additional 6,065 shares in the last quarter. Franklin Resources Inc. increased its stake in U.S. Bancorp by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 9,424,909 shares of the financial services provider’s stock worth $450,793,000 after purchasing an additional 1,475,562 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its position in shares of U.S. Bancorp by 9.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 141,824 shares of the financial services provider’s stock worth $6,788,000 after purchasing an additional 11,715 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $42.24 on Tuesday. The company has a fifty day moving average of $45.62 and a two-hundred day moving average of $47.58. 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 1 year low of $37.81 and a 1 year high of $53.98. The company has a market capitalization of $65.81 billion, a PE ratio of 11.15, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.73%. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Analysts Set New Price Targets

USB has been the topic of several recent research reports. 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. The Goldman Sachs Group reduced their price objective 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. Truist Financial initiated coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price for the company. Morgan Stanley cut their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Citigroup decreased their price objective on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.21.

Insider Buying and Selling

In other news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated 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 transaction, the insider now 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 a total of 219,812 shares of company stock worth $10,385,665 in the last 90 days. Company insiders own 0.23% of the company’s stock.

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.