U.S. Bancorp $USB Shares Sold by IFG Advisory LLC

IFG Advisory LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 75.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,196 shares of the financial services provider’s stock after selling 56,784 shares during the period. IFG Advisory LLC’s holdings in U.S. Bancorp were worth $879,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of USB. Chemung Canal Trust Co. grew its position in U.S. Bancorp by 205.5% during the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 45,963 shares during the last quarter. Citigroup Inc. raised its holdings in shares of U.S. Bancorp by 2.4% in the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after buying an additional 41,803 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of U.S. Bancorp by 15.3% in the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock worth $17,738,000 after buying an additional 47,537 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of U.S. Bancorp by 100.0% during the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock worth $5,428,000 after buying an additional 59,981 shares during the period. Finally, SteelPeak Wealth LLC lifted its stake in shares of U.S. Bancorp by 757.8% during the third quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider’s stock worth $8,622,000 after buying an additional 155,925 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Barclays lifted their price target on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Evercore boosted their price target on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. UBS Group reissued a “neutral” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. Finally, DA Davidson raised their price objective on U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.02.

View Our Latest Research Report on USB

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $52.40 on Friday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50 day simple moving average is $56.07 and its 200-day simple moving average is $51.46. The stock has a market capitalization of $81.41 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.94 and a beta of 1.04.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Key Headlines Impacting U.S. Bancorp

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U.S. Bancorp Company Profile

(Free Report)

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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