U.S. Bancorp (NYSE:USB) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund reduced its position in U.S. Bancorp (NYSE:USB - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,351 shares of the financial services provider's stock after selling 19,324 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in U.S. Bancorp were worth $1,915,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd grew its holdings in shares of U.S. Bancorp by 12.3% in the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 214 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in shares of 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 worth $495,000 after acquiring an additional 231 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of 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 stake in shares of 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 grew its stake in 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 in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $43.34 on Monday. The stock's 50-day moving average is $42.25 and its two-hundred day moving average is $44.68. The firm has a market cap of $67.53 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.63 and a beta of 1.00. 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 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.78 EPS. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current 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 given a dividend of $0.50 per share. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank Of Canada lowered their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Citigroup lowered their price objective on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Truist Financial lowered their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. DA Davidson lowered their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $50.72.

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.

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