U.S. Bancorp (NYSE:USB) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in U.S. Bancorp by 1.8%, holding 440,148 shares valued at approximately $18.58 million after selling 7,991 shares in the first quarter.
• U.S. Bancorp's stock has seen a 2.4% decrease, with shares opening at $43.90 and a market capitalization of $68.4 billion.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 4.6% and a payout ratio of 47.85%.

Natixis Advisors LLC reduced its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,148 shares of the financial services provider's stock after selling 7,991 shares during the period. Natixis Advisors LLC's holdings in U.S. Bancorp were worth $18,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Westend Capital Management LLC bought a new position in shares of U.S. Bancorp in the first quarter worth about $27,000. REAP Financial Group LLC boosted its holdings in shares of U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares in the last quarter. YANKCOM Partnership boosted its holdings in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $30,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of U.S. Bancorp by 1,212.1% in the 1st quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock valued at $32,000 after buying an additional 703 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Up 0.4%

Shares of USB stock traded up $0.16 on Tuesday, hitting $44.58. 8,020,049 shares of the stock traded hands, compared to its average volume of 11,921,938. The firm's 50-day moving average price is $45.20 and its two-hundred day moving average price is $44.01. 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 stock has a market capitalization of $69.46 billion, a PE ratio of 10.67, a PEG ratio of 1.39 and a beta of 1.01. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued 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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on USB shares. Truist Financial lifted their target price 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. Royal Bank Of Canada reduced their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Piper Sandler reduced their price target on shares of 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. Cowen assumed coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating for the company. Finally, Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $51.00 to $57.00 in a report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

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.