U.S. Bancorp (NYSE:USB) Shares Sold by Davis R M Inc.

Davis R M Inc. trimmed its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,449 shares of the financial services provider's stock after selling 80,398 shares during the period. Davis R M Inc.'s holdings in U.S. Bancorp were worth $19,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Vestor Capital LLC boosted its stake in U.S. Bancorp by 1.5% during the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider's stock valued at $744,000 after purchasing an additional 253 shares during the last quarter. Mosaic Family Wealth Partners LLC grew its holdings in U.S. Bancorp by 1.4% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider's stock worth $832,000 after buying an additional 265 shares in the last quarter. Wealth Alliance lifted its stake in U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider's stock valued at $2,131,000 after acquiring an additional 266 shares in the last quarter. Mechanics Financial Corp boosted its holdings in U.S. Bancorp by 4.9% during the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider's stock worth $276,000 after acquiring an additional 300 shares during the last quarter. Finally, Cigna Investments Inc. New grew its stake in shares of U.S. Bancorp by 1.9% in the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider's stock worth $720,000 after acquiring an additional 308 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

USB has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of U.S. Bancorp from $45.00 to $43.50 and set an "overweight" rating on the stock in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $45.00 target price (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $47.00 price target on shares of U.S. Bancorp in a report on Thursday, May 16th. Jefferies Financial Group upped their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a "hold" rating in a research note on Monday, April 8th. Finally, Piper Sandler reiterated a "neutral" rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.02.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.29 during midday trading on Tuesday, reaching $41.18. 6,205,101 shares of the stock were exchanged, compared to its average volume of 8,445,558. The company's fifty day moving average is $42.13 and its 200-day moving average is $41.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 52 week low of $29.33 and a 52 week high of $45.85. The firm has a market cap of $64.26 billion, a PE ratio of 13.64, a PEG ratio of 2.16 and a beta of 1.05.

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 (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. On average, sell-side analysts forecast that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.76%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp's dividend payout ratio (DPR) is currently 64.90%.

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.