Vision Capital Management Inc. Sells 20,984 Shares of U.S. Bancorp (NYSE:USB)

Vision Capital Management Inc. decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 35.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,424 shares of the financial services provider's stock after selling 20,984 shares during the period. Vision Capital Management Inc.'s holdings in U.S. Bancorp were worth $1,580,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of USB. Westend Capital Management LLC bought a new stake in U.S. Bancorp during the 1st quarter valued at $27,000. YANKCOM Partnership boosted its stake in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares during the period. Picton Mahoney Asset Management bought a new position in U.S. Bancorp in the 4th quarter worth about $30,000. Alpine Bank Wealth Management bought a new position in U.S. Bancorp in the 1st quarter worth about $30,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analysts Set New Price Targets

USB has been the topic of a number of analyst reports. Barclays decreased their target price 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. The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Piper Sandler dropped their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Oppenheimer raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of U.S. Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.70.

U.S. Bancorp Trading Down 0.7%

USB stock traded down $0.33 during trading on Friday, hitting $47.24. 6,280,208 shares of the company traded hands, compared to its average volume of 9,389,184. The firm has a market capitalization of $73.59 billion, a PE ratio of 11.70, a P/E/G ratio of 1.78 and a beta of 0.99. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a 50-day moving average of $44.27 and a 200-day moving average of $44.40. 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 (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director directly owned 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.23% of the company's stock.

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.