U.S. Bancorp (NYSE:USB) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 931,825 shares of the financial services provider's stock after selling 7,967 shares during the quarter. U.S. Bancorp makes up 3.1% of CORDA Investment Management LLC.'s portfolio, making the stock its 10th biggest holding. CORDA Investment Management LLC. owned 0.06% of U.S. Bancorp worth $39,342,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after purchasing an additional 1,079,056 shares in the last quarter. FMR LLC grew its position in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares in the last quarter. Geode Capital Management LLC grew its position in shares of U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock worth $1,618,948,000 after purchasing an additional 850,763 shares in the last quarter. Northern Trust Corp grew its position in shares of U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after purchasing an additional 1,670,305 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in U.S. Bancorp by 48.1% during the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after buying an additional 5,449,949 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target for the company in a report on Thursday, April 3rd. Piper Sandler cut their price target on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wall Street Zen cut U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Royal Bank Of Canada cut their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $51.00 to $57.00 in a report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.70.

U.S. Bancorp Stock Up 0.9%

Shares of NYSE:USB traded up $0.43 on Thursday, reaching $47.73. The company had a trading volume of 3,113,050 shares, compared to its average volume of 9,379,451. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm's 50 day simple moving average is $44.13 and its 200-day simple moving average is $44.40. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $74.36 billion, a PE ratio of 11.82, a PEG ratio of 1.79 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.19%. U.S. Bancorp's payout ratio is presently 49.50%.

Insiders Place Their Bets

In related news, Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.