U.S. Bancorp (NYSE:USB) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,496 shares of the financial services provider's stock after selling 48,792 shares during the quarter. Atria Investments Inc's holdings in U.S. Bancorp were worth $9,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in USB. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the 1st quarter valued at $27,000. REAP Financial Group LLC lifted its holdings in shares of U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after buying an additional 297 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $32,000. YANKCOM Partnership boosted its stake in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the period. Finally, Alpine Bank Wealth Management bought a new stake in U.S. Bancorp during the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Price Performance

NYSE:USB traded up $0.26 during trading hours on Friday, hitting $46.32. The company's stock had a trading volume of 8,082,037 shares, compared to its average volume of 12,850,706. The business's 50-day moving average is $44.99 and its two-hundred day moving average is $44.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $72.16 billion, a PE ratio of 11.08, a PEG ratio of 1.45 and a beta of 0.99. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the previous year, the company earned $0.98 EPS. U.S. Bancorp's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.50 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.32%. U.S. Bancorp's dividend payout ratio is currently 47.85%.

Insiders Place Their Bets

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports 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 on the stock in a research note on Thursday, April 3rd. Oppenheimer upped their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. Piper Sandler dropped their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group increased their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.50.

About U.S. Bancorp

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.