U.S. Bancorp (NYSE:USB) Shares Sold by Bridgefront Capital LLC

Bridgefront Capital LLC trimmed its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 45.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,447 shares of the financial services provider's stock after selling 10,552 shares during the period. Bridgefront Capital LLC's holdings in U.S. Bancorp were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cahill Financial Advisors Inc. boosted its stake in shares of U.S. Bancorp by 24.0% in the 4th quarter. Cahill Financial Advisors Inc. now owns 23,092 shares of the financial services provider's stock worth $1,104,000 after buying an additional 4,476 shares during the last quarter. Captrust Financial Advisors increased its position in shares of U.S. Bancorp by 4.7% during the 4th quarter. Captrust Financial Advisors now owns 242,743 shares of the financial services provider's stock valued at $11,610,000 after purchasing an additional 10,833 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $2,370,000. Chapman Financial Group LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $1,570,000. Finally, Baird Financial Group Inc. grew its position in U.S. Bancorp by 2.1% during the fourth quarter. Baird Financial Group Inc. now owns 6,426,793 shares of the financial services provider's stock valued at $307,394,000 after buying an additional 134,435 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Trading Down 0.3 %

USB traded down $0.13 during trading hours on Friday, reaching $42.01. 6,997,653 shares of the company's stock traded hands, compared to its average volume of 9,113,103. The firm has a market capitalization of $65.45 billion, a PE ratio of 11.08, a PEG ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $40.71 and a 200 day moving average price of $46.14.

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 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 analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter last year, the firm posted $0.78 earnings per share. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.76%. U.S. Bancorp's dividend payout ratio is presently 49.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on USB shares. Citigroup reduced their price objective on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Raymond James reiterated an "outperform" rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. DA Davidson lowered their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Finally, Piper Sandler cut their price target 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.48.

Insider Buying and Selling

In other news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction on 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 owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

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.