Motley Fool Wealth Management LLC Trims Stock Position in U.S. Bancorp (NYSE:USB)

Motley Fool Wealth Management LLC lessened its position in shares of U.S. Bancorp (NYSE:USB) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,388 shares of the financial services provider’s stock after selling 3,711 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in USB. Westend Capital Management LLC purchased a new stake in U.S. Bancorp in the first quarter valued at approximately $27,000. YANKCOM Partnership raised its position in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares during the period. Alpine Bank Wealth Management purchased a new stake in U.S. Bancorp in the first quarter valued at approximately $30,000. REAP Financial Group LLC raised its position in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC increased its position in shares of U.S. Bancorp by 118.0% during the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 420 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of a number of recent research reports. Royal Bank Of Canada cut their price objective on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Barclays cut their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. TD Cowen initiated coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a “buy” rating and a $60.00 price objective on the stock. Piper Sandler cut their price objective on 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. Finally, Citigroup upped their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $52.55.

U.S. Bancorp Stock Performance

NYSE USB opened at $44.56 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a market capitalization of $69.34 billion, a PE ratio of 10.66, a P/E/G ratio of 1.41 and a beta of 1.01. The company has a fifty day moving average of $45.29 and a two-hundred day moving average of $43.86.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. U.S. Bancorp’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.5%. U.S. Bancorp’s dividend payout ratio is 47.85%.

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.