U.S. Bancorp (NYSE:USB) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. cut its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 386,326 shares of the financial services provider's stock after selling 12,748 shares during the quarter. Financial Counselors Inc.'s holdings in U.S. Bancorp were worth $16,311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the fourth quarter worth $30,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp during the first quarter worth $27,000. REAP Financial Group LLC increased its position in U.S. Bancorp by 86.1% during 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. Millstone Evans Group LLC purchased a new position in U.S. Bancorp during the fourth quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in U.S. Bancorp during the fourth quarter worth $32,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.6%

U.S. Bancorp stock traded up $0.26 during midday trading on Thursday, reaching $47.56. The stock had a trading volume of 8,606,254 shares, compared to its average volume of 9,400,631. The stock's 50-day simple moving average is $44.13 and its 200 day simple moving average is $44.40. The stock has a market capitalization of $74.11 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. U.S. Bancorp has a twelve month low of $35.18 and a twelve 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 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $559,800. This trade represents 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on USB. Wall Street Zen downgraded U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Truist Financial raised their price target on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Wednesday. TD Cowen began coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target for the company. Citigroup raised their price target on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.70.

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.