OneDigital Investment Advisors LLC Has $1.08 Million Stock Position in U.S. Bancorp (NYSE:USB)

OneDigital Investment Advisors LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 20.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,495 shares of the financial services provider's stock after selling 6,630 shares during the period. OneDigital Investment Advisors LLC's holdings in U.S. Bancorp were worth $1,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. Norges Bank acquired a new position in U.S. Bancorp during the fourth quarter valued at approximately $777,524,000. Invesco Ltd. lifted its position in shares of U.S. Bancorp by 48.1% during the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after purchasing an additional 5,449,949 shares in the last quarter. Marshall Wace LLP lifted its position in shares of U.S. Bancorp by 414.1% during the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after purchasing an additional 4,663,518 shares in the last quarter. FMR LLC lifted its position in shares of U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth $96,560,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded down $0.13 during trading hours on Tuesday, hitting $47.65. 13,523,586 shares of the company traded hands, compared to its average volume of 10,744,020. The firm has a market cap of $74.24 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.80 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm's 50-day simple moving average is $43.85 and its two-hundred day simple moving average is $44.36. 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 earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. During the same quarter last year, the company earned $0.78 EPS. As a group, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.20%. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price target 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. Barclays cut their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Finally, Citigroup increased their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus target price of $51.61.

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.