U.S. Bancorp (NYSE:USB) Position Trimmed by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 690,987 shares of the financial services provider's stock after selling 12,414 shares during the period. Johnson Investment Counsel Inc.'s holdings in U.S. Bancorp were worth $29,173,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Covestor Ltd grew its stake in shares of U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after buying an additional 214 shares in the last quarter. TrinityPoint Wealth LLC lifted its stake in U.S. Bancorp by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after acquiring an additional 231 shares during the last quarter. CoreCap Advisors LLC grew its position in U.S. Bancorp by 36.6% in the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after acquiring an additional 242 shares in the last quarter. Transcend Capital Advisors LLC grew its position in U.S. Bancorp by 5.1% in the fourth quarter. Transcend Capital Advisors LLC now owns 5,196 shares of the financial services provider's stock worth $249,000 after acquiring an additional 252 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of U.S. Bancorp by 2.5% during the 4th quarter. Rothschild Investment LLC now owns 11,231 shares of the financial services provider's stock worth $537,000 after purchasing an additional 273 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on USB shares. Keefe, Bruyette & Woods reduced their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company reduced their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Piper Sandler lowered their price objective 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. Morgan Stanley reduced their target price 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. Finally, Raymond James Financial reiterated an "outperform" rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.72.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $43.20 on Thursday. The stock has a market capitalization of $67.30 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.60 and a beta of 0.99. The firm's 50-day moving average price is $42.02 and its two-hundred day moving average price is $44.91. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. 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 released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.63%. U.S. Bancorp's payout ratio is presently 49.50%.

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.

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