USS Investment Management Ltd Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

USS Investment Management Ltd trimmed its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 407,419 shares of the financial services provider's stock after selling 70,581 shares during the period. USS Investment Management Ltd's holdings in U.S. Bancorp were worth $19,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Merit Financial Group LLC grew its position in shares of U.S. Bancorp by 178.7% in the fourth quarter. Merit Financial Group LLC now owns 34,881 shares of the financial services provider's stock valued at $1,668,000 after purchasing an additional 22,367 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in U.S. Bancorp by 4.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,928 shares of the financial services provider's stock worth $379,000 after buying an additional 335 shares during the last quarter. UMB Bank n.a. grew its holdings in U.S. Bancorp by 2.1% in the 4th quarter. UMB Bank n.a. now owns 109,613 shares of the financial services provider's stock valued at $5,243,000 after buying an additional 2,279 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of U.S. Bancorp by 1.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 109,109 shares of the financial services provider's stock worth $5,219,000 after acquiring an additional 1,227 shares during the last quarter. Finally, Zhang Financial LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter worth $232,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction on 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 completion of the purchase, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Down 0.4%

Shares of NYSE:USB traded down $0.17 on Monday, hitting $42.95. 5,798,479 shares of the company's stock were exchanged, compared to its average volume of 9,107,173. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a market capitalization of $66.91 billion, a PE ratio of 11.33, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm's 50-day moving average is $40.97 and its 200 day moving average is $45.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the company posted $0.78 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.66%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on USB. Raymond James restated an "outperform" rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Truist Financial decreased their price objective on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada dropped their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. TD Cowen started coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $50.89.

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.