U.S. Bancorp (NYSE:USB) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,701,560 shares of the financial services provider's stock after selling 61,634 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.17% of U.S. Bancorp worth $129,216,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. FIL Ltd boosted its position in shares of U.S. Bancorp by 42.0% during the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after acquiring an additional 8,542 shares during the last quarter. Vanguard Group Inc. increased its stake in U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after buying an additional 1,079,056 shares during the period. M&T Bank Corp raised its stake in shares of U.S. Bancorp by 36.9% in the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock valued at $55,427,000 after acquiring an additional 312,504 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock valued at $18,212,000 after buying an additional 38,802 shares during the period. Finally, Swedbank AB lifted its stake in U.S. Bancorp by 2.4% in the fourth quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock worth $26,521,000 after acquiring an additional 13,223 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.24 during midday trading on Wednesday, hitting $43.51. The company had a trading volume of 1,646,776 shares, compared to its average volume of 9,067,372. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $41.00 and a two-hundred day simple moving average of $45.74. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The firm has a market capitalization of $67.78 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Wall Street Analysts Forecast Growth

USB has been the topic of several recent analyst reports. Cowen assumed coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating on the stock. Truist Financial reduced their price objective on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Barclays lowered their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company cut their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Piper Sandler decreased their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $50.89.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by corporate insiders.

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.