Baldwin Wealth Partners LLC MA Sells 5,665 Shares of U.S. Bancorp (NYSE:USB)

Baldwin Wealth Partners LLC MA cut its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 53.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,866 shares of the financial services provider's stock after selling 5,665 shares during the period. Baldwin Wealth Partners LLC MA's holdings in U.S. Bancorp were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp in the fourth quarter worth approximately $28,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth approximately $30,000. Picton Mahoney Asset Management acquired a new stake in U.S. Bancorp in the fourth quarter worth approximately $30,000. Finally, Millstone Evans Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter worth approximately $31,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. Raymond James restated an "outperform" rating and issued a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Evercore ISI upped their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. TD Cowen initiated coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price for the company. Finally, Truist Financial dropped their price target on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.72.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Down 2.3%

Shares of USB stock traded down $1.03 on Wednesday, reaching $44.21. 13,017,675 shares of the company's stock traded hands, compared to its average volume of 9,043,099. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market capitalization of $68.87 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The business's 50 day moving average price is $41.31 and its two-hundred day moving average price is $45.27.

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

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.