Natixis Trims Stake in U.S. Bancorp (NYSE:USB)

Natixis lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 19.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 344,056 shares of the financial services provider's stock after selling 80,686 shares during the quarter. Natixis' holdings in U.S. Bancorp were worth $16,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norinchukin Bank The grew its position in shares of U.S. Bancorp by 8.2% during the fourth quarter. Norinchukin Bank The now owns 68,626 shares of the financial services provider's stock valued at $3,282,000 after purchasing an additional 5,199 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in U.S. Bancorp by 50.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 77,424 shares of the financial services provider's stock valued at $3,703,000 after purchasing an additional 25,980 shares during the period. Curi RMB Capital LLC lifted its stake in shares of U.S. Bancorp by 1.8% in the 4th quarter. Curi RMB Capital LLC now owns 30,265 shares of the financial services provider's stock valued at $1,448,000 after purchasing an additional 533 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of U.S. Bancorp by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,515,117 shares of the financial services provider's stock valued at $407,329,000 after purchasing an additional 28,173 shares during the last quarter. Finally, Forum Financial Management LP increased its position in shares of U.S. Bancorp by 100.9% during the 4th quarter. Forum Financial Management LP now owns 24,842 shares of the financial services provider's stock valued at $1,188,000 after purchasing an additional 12,479 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the transaction, the executive vice president now directly owns 198,127 shares of the company's stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Down 0.4 %

USB stock traded down $0.15 on Friday, hitting $39.90. 3,245,626 shares of the company's stock were exchanged, compared to its average volume of 9,040,562. The firm has a 50 day moving average price of $41.87 and a two-hundred day moving average price of $46.62. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The stock has a market cap of $62.16 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (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 the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid 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 5.01%. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on USB shares. Bank of America dropped their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Piper Sandler reduced their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock 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 for the company in a research note on Thursday, April 17th. Raymond James reaffirmed an "outperform" rating and set a $51.00 target price (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group decreased their price target on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.66.

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.