Mesirow Financial Investment Management Inc. Sells 11,529 Shares of U.S. Bancorp $USB

Mesirow Financial Investment Management Inc. cut its holdings in U.S. Bancorp (NYSE:USB) by 36.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,167 shares of the financial services provider’s stock after selling 11,529 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in U.S. Bancorp were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Gilbert & Cook Inc. lifted its stake in U.S. Bancorp by 1.2% in the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 184 shares during the last quarter. Genesis Private Wealth LLC lifted its stake in U.S. Bancorp by 2.3% in the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock worth $445,000 after purchasing an additional 187 shares during the last quarter. Lantz Financial LLC increased its position in shares of U.S. Bancorp by 0.4% in the fourth quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider’s stock valued at $2,634,000 after acquiring an additional 199 shares during the period. Park National Corp OH increased its position in shares of U.S. Bancorp by 0.7% in the fourth quarter. Park National Corp OH now owns 27,364 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 200 shares during the period. Finally, Romano Brothers AND Company increased its position in shares of U.S. Bancorp by 2.4% in the fourth quarter. Romano Brothers AND Company now owns 9,156 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 211 shares during the period. 77.60% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider owned 207,251 shares in the company, valued at $11,813,307. This represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $53.15 on Friday. U.S. Bancorp has a 1 year low of $42.21 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $53.91 and its 200 day moving average is $53.39. The stock has a market capitalization of $82.50 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.96 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The company had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s payout ratio is currently 43.61%.

Analysts Set New Price Targets

USB has been the topic of a number of analyst reports. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Jefferies Financial Group restated a “hold” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a research report on Thursday, April 16th. Argus boosted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Truist Financial decreased their price objective on shares of U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Finally, TD Cowen boosted their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $61.20.

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.