Ensign Peak Advisors Inc Decreases Stake in U.S. Bancorp (NYSE:USB)

Ensign Peak Advisors Inc cut its stake in U.S. Bancorp (NYSE:USB - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 601,184 shares of the financial services provider's stock after selling 80,759 shares during the period. Ensign Peak Advisors Inc's holdings in U.S. Bancorp were worth $28,755,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP boosted its holdings in shares of U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after buying an additional 210 shares during the last quarter. HCR Wealth Advisors lifted its holdings in U.S. Bancorp by 1.1% during the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after purchasing an additional 211 shares during the last quarter. Covestor Ltd lifted its holdings in U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 214 shares during the last quarter. Priebe Wealth Holdings LLC increased its position in shares of U.S. Bancorp by 4.4% in the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock worth $243,000 after purchasing an additional 215 shares during the period. Finally, Essex Savings Bank increased its position in shares of U.S. Bancorp by 1.8% in the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock worth $591,000 after purchasing an additional 216 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent analyst reports. Raymond James reiterated an "outperform" rating and issued a $51.00 target price (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Barclays decreased their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Truist Financial reduced their price target on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Piper Sandler reduced their price target on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, DA Davidson reduced their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus target price of $50.48.

U.S. Bancorp Stock Down 0.4%

U.S. Bancorp stock traded down $0.17 during trading on Wednesday, hitting $44.20. 5,876,367 shares of the company were exchanged, compared to its average volume of 9,148,025. The business's 50 day moving average is $40.69 and its 200 day moving average is $46.08. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a market capitalization of $68.86 billion, a P/E ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.52%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

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.