WD Rutherford LLC Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

WD Rutherford LLC decreased its stake in shares of U.S. Bancorp (NYSE:USB) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 77,500 shares of the financial services provider’s stock after selling 2,390 shares during the period. U.S. Bancorp makes up about 1.9% of WD Rutherford LLC’s portfolio, making the stock its 23rd largest position. WD Rutherford LLC’s holdings in U.S. Bancorp were worth $3,238,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CGC Financial Services LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC purchased a new position in U.S. Bancorp in the fourth quarter worth $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp in the fourth quarter worth $27,000. Naples Money Management LLC purchased a new position in U.S. Bancorp in the fourth quarter worth $30,000. Finally, Legacy Financial Group LLC purchased a new position in U.S. Bancorp in the third quarter worth $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on USB shares. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Wells Fargo & Company cut their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Barclays cut their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. UBS Group cut their price objective on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, Oppenheimer lowered their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.14.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $41.12 on Friday. U.S. Bancorp has a 52 week low of $27.27 and a 52 week high of $45.85. The business has a 50-day simple moving average of $42.34 and a 200 day simple moving average of $40.11. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The stock has a market cap of $64.07 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS 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 period in the previous year, the business earned $1.16 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, research analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio 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.