Fort Washington Investment Advisors Inc. OH Sells 74,415 Shares of U.S. Bancorp $USB

Fort Washington Investment Advisors Inc. OH decreased its stake in U.S. Bancorp (NYSE:USB) by 4.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,530,942 shares of the financial services provider’s stock after selling 74,415 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in U.S. Bancorp were worth $81,691,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of USB. Synergy Asset Management LLC raised its holdings in U.S. Bancorp by 8.1% during the 4th quarter. Synergy Asset Management LLC now owns 129,629 shares of the financial services provider’s stock valued at $6,917,000 after buying an additional 9,667 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of U.S. Bancorp by 14.9% in the fourth quarter. Kathmere Capital Management LLC now owns 17,847 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 2,309 shares during the period. Bank & Trust Co grew its stake in U.S. Bancorp by 14.3% in the fourth quarter. Bank & Trust Co now owns 5,546 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 692 shares in the last quarter. Norden Group LLC increased its holdings in U.S. Bancorp by 9.5% during the 4th quarter. Norden Group LLC now owns 27,932 shares of the financial services provider’s stock worth $1,490,000 after purchasing an additional 2,427 shares during the period. Finally, Mayflower Financial Advisors LLC purchased a new position in U.S. Bancorp during the 4th quarter worth $218,000. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on USB shares. Truist Financial upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $61.00 to $66.00 in a report on Thursday, February 26th. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. Jefferies Financial Group assumed coverage on shares of U.S. Bancorp in a research note on Thursday. They issued a “hold” rating and a $55.00 price objective for the company. UBS Group reissued a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Finally, Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.80.

Insider Activity at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Trading Down 0.7%

Shares of NYSE:USB opened at $51.54 on Friday. The company has a market capitalization of $80.00 billion, a PE ratio of 11.15, a P/E/G ratio of 0.88 and a beta of 1.04. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The business’s fifty day simple moving average is $55.27 and its 200-day simple moving average is $51.76.

U.S. Bancorp (NYSE:USB) 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 return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the business posted $1.07 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

U.S. Bancorp Profile

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.