U.S. Bancorp (NYSE:USB) Shares Sold by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC significantly reduced its stake in U.S. Bancorp by 86.3%, now holding 5,986 shares valued at approximately $253,000.
• U.S. Bancorp declared a quarterly dividend of $0.50, with an annualized dividend yield of 4.5% and a payout ratio of 47.85%.
• The company's stock saw an increase of 1.7% on the trading day, with a current price of $44.86 and a market cap of $69.81 billion.

Koss Olinger Consulting LLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 86.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,986 shares of the financial services provider's stock after selling 37,676 shares during the quarter. Koss Olinger Consulting LLC's holdings in U.S. Bancorp were worth $253,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FIL Ltd raised its stake in shares of U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock valued at $1,381,000 after purchasing an additional 8,542 shares in the last quarter. Wesbanco Bank Inc. raised its stake in shares of U.S. Bancorp by 31.6% in the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock valued at $13,724,000 after purchasing an additional 78,146 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock valued at $286,000 after purchasing an additional 649 shares in the last quarter. Becker Capital Management Inc. raised its stake in shares of U.S. Bancorp by 1.5% in the 4th quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock valued at $27,069,000 after purchasing an additional 8,204 shares in the last quarter. Finally, United Community Bank raised its stake in shares of U.S. Bancorp by 21.8% in the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after purchasing an additional 8,796 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Trading Up 1.7%

U.S. Bancorp stock opened at $44.86 on Monday. 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 firm has a market cap of $69.81 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.01. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The firm's 50 day moving average price is $45.27 and its two-hundred day moving average price is $43.90.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.50 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.5%. U.S. Bancorp's payout ratio is 47.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on USB shares. Evercore ISI upped their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th. Oppenheimer increased their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods dropped their price objective on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Barclays dropped their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial increased their price objective on shares of U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

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.

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