Teza Capital Management LLC Lowers Holdings in U.S. Bancorp (NYSE:USB)

Teza Capital Management LLC decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,691 shares of the financial services provider's stock after selling 128,312 shares during the quarter. Teza Capital Management LLC's holdings in U.S. Bancorp were worth $3,429,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new position in U.S. Bancorp in the fourth quarter worth $26,000. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp in the fourth quarter worth $28,000. Stonebridge Financial Group LLC bought a new position in U.S. Bancorp in the fourth quarter worth $30,000. Picton Mahoney Asset Management bought a new position in U.S. Bancorp in the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC bought a new position in U.S. Bancorp in the fourth quarter worth $31,000. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on USB. Piper Sandler reduced 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. Morgan Stanley reduced their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Bank of America reduced their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. TD Cowen began coverage on U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target for the company. Finally, Raymond James restated an "outperform" rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.89.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded down $1.54 during trading hours on Wednesday, reaching $42.88. 6,298,610 shares of the stock traded hands, compared to its average volume of 9,098,716. The company has a 50 day moving average price of $40.92 and a 200 day moving average price of $45.95. The firm has a market capitalization of $66.80 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. 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 (NYSE:USB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $0.78 EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.66%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

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.