U.S. Bancorp (NYSE:USB) Holdings Trimmed by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its stake in U.S. Bancorp (NYSE:USB - Free Report) by 67.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,300 shares of the financial services provider's stock after selling 144,400 shares during the quarter. Intact Investment Management Inc.'s holdings in U.S. Bancorp were worth $2,999,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider's stock valued at $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Mufg Bank LTD. grew its holdings in shares of U.S. Bancorp by 54.1% during the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider's stock valued at $2,260,450,000 after buying an additional 24,000,000 shares in the last quarter. FMR LLC grew its holdings in shares of U.S. Bancorp by 1.8% during the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider's stock valued at $1,238,765,000 after buying an additional 674,583 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of U.S. Bancorp by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider's stock valued at $1,028,859,000 after buying an additional 1,610,004 shares in the last quarter. Finally, Aristotle Capital Management LLC grew its holdings in shares of U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider's stock valued at $775,842,000 after buying an additional 17,066,479 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 26,583 shares of the business's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company's stock, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Terrance R. Dolan sold 26,583 shares of the business's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Up 0.3 %

Shares of NYSE:USB traded up $0.13 on Friday, reaching $41.12. The company had a trading volume of 4,512,229 shares, compared to its average volume of 7,300,433. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The stock has a 50-day moving average price of $42.34 and a 200 day moving average price of $40.21. The stock has a market capitalization of $64.07 billion, a P/E ratio of 13.62, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. On average, equities analysts expect that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.77%. U.S. Bancorp's dividend payout ratio is presently 64.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on USB. Piper Sandler reiterated a "neutral" rating on shares of U.S. Bancorp in a report on Friday, January 26th. Compass Point raised U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Barclays reduced their price objective on U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a "hold" rating in a research report on Monday, April 8th. Finally, UBS Group reduced their price objective on U.S. Bancorp from $47.00 to $43.00 and set a "neutral" rating for the company in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.14.

About U.S. Bancorp

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.