U.S. Bancorp (NYSE:USB) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its position in U.S. Bancorp (NYSE:USB - Free Report) by 95.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,900 shares of the financial services provider's stock after selling 1,358,361 shares during the quarter. Two Sigma Investments LP's holdings in U.S. Bancorp were worth $3,439,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp in the fourth quarter worth $26,000. FPC Investment Advisory Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $28,000. Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $30,000. Picton Mahoney Asset Management acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at about $30,000. Finally, Millstone Evans Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $31,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

NYSE USB traded up $0.44 during trading hours on Tuesday, reaching $44.06. The company's stock had a trading volume of 1,252,672 shares, compared to its average volume of 9,057,810. The firm has a market capitalization of $68.65 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.73 and a beta of 0.97. The company's 50-day moving average is $41.00 and its two-hundred day moving average is $45.51. 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 $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period last year, the company posted $0.78 EPS. On average, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of 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 dropped their price objective on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Wall Street Zen downgraded U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Friday. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target for the company in a research report on Thursday, April 3rd. Finally, DA Davidson dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.89.

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.