Sequoia Financial Advisors LLC Sells 27,005 Shares of U.S. Bancorp $USB

Key Points

• Sequoia Financial Advisors LLC cut its U.S. Bancorp stake by 14.2%, selling 27,005 shares and leaving it with 162,830 shares worth $8,689,000.
• Insider selling was notable: director Jodi L. Richard sold 40,000 shares and EVP Venkatachari Dilip sold 34,522 shares, trimming their holdings by about 16% and 40%, respectively.
• U.S. Bancorp beat Q1 EPS estimates ($1.18 vs. $1.14) with $7.32B in revenue, declared a $0.52 quarterly dividend (3.8% yield), and holds a MarketBeat consensus of Moderate Buy with an average target of $61.20.

Sequoia Financial Advisors LLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,830 shares of the financial services provider's stock after selling 27,005 shares during the quarter. Sequoia Financial Advisors LLC's holdings in U.S. Bancorp were worth $8,689,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of USB. Brighton Jones LLC raised its holdings in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after purchasing an additional 36,863 shares during the period. Empowered Funds LLC raised its holdings in shares of U.S. Bancorp by 2.1% in the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider's stock worth $1,453,000 after purchasing an additional 714 shares during the period. Intech Investment Management LLC raised its holdings in shares of U.S. Bancorp by 18.9% in the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider's stock worth $1,658,000 after purchasing an additional 6,252 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of U.S. Bancorp in the 2nd quarter worth approximately $425,000. Finally, Nebula Research & Development LLC bought a new stake in shares of U.S. Bancorp in the 2nd quarter worth approximately $701,000. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen boosted their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, January 21st. Piper Sandler reissued a "buy" rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Keefe, Bruyette & Woods boosted their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a "market perform" rating in a report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Finally, Barclays boosted their target price on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.20.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the company's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider owned 207,251 shares of the company's stock, valued at approximately $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company's stock.

More U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Q1 results and shareholder payback: USB beat Q1 EPS estimates and continues to pay a $0.52 quarterly dividend, supporting income-oriented and value buyers. MarketBeat USB profile
• Positive Sentiment: Momentum coverage: Zacks and several profile pieces argue USB is a long‑term momentum name based on earnings/price momentum and style scores — this can sustain buying interest into a broader banking rebound. Zacks momentum article
• Positive Sentiment: Management messaging: CEO interviews highlight strategic focus on tech investments and growth execution, which supports confidence in the turnaround narrative. CEO interview/video
• Neutral Sentiment: Analyst view is mixed‑but‑constructive: Multiple houses (Oppenheimer, Weiss, Piper Sandler, DA Davidson) have buy/outperform views or raised targets; consensus remains a "Moderate Buy" with a ~$61.20 target — useful context for upside versus current price. Analyst targets summary
• Neutral Sentiment: Valuation/attractiveness pieces note a ~41% one‑year rally; some say shares still look modestly undervalued while others warn upside may be more limited — keeps investors weighing momentum vs. stretched gains. Valuation article
• Neutral Sentiment: Macro/industry context: U.S. Bank's CFO survey and freight/payment indexes highlight cost control and growth/deal focus for finance leaders — a mixed datapoint for banks' loan/fee outlooks. CFO survey
• Negative Sentiment: Insider selling: EVP Venkatachari Dilip sold 34,522 shares (~$1.92M at ~$55.52), cutting his holding by ~40% — a large, disclosed sale that can weigh on near‑term sentiment. SEC filing
• Negative Sentiment: Underperformance note: Media coverage points out USB has recently underperformed the broader market despite occasional rallies — a reminder investors remain cautious on sector/regulatory and rate risks. MarketWatch underperformance story

U.S. Bancorp Trading Down 1.5%

U.S. Bancorp stock opened at $55.34 on Friday. The stock has a market cap of $85.90 billion, a P/E ratio of 11.60, a PEG ratio of 1.01 and a beta of 1.00. U.S. Bancorp has a fifty-two week low of $41.50 and a fifty-two week high of $61.19. The firm's fifty day moving average price is $54.05 and its 200-day moving average price is $53.16. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analysts' expectations of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. U.S. Bancorp's dividend payout ratio is presently 43.61%.

About U.S. Bancorp

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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