XML Financial LLC Sells 9,419 Shares of U.S. Bancorp $USB

XML Financial LLC cut its position in U.S. Bancorp (NYSE:USB) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,199 shares of the financial services provider’s stock after selling 9,419 shares during the quarter. XML Financial LLC’s holdings in U.S. Bancorp were worth $2,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners bought a new position in U.S. Bancorp during the third quarter worth $25,000. Clayton Financial Group LLC bought a new position in U.S. Bancorp during the fourth quarter worth $25,000. JPL Wealth Management LLC bought a new position in U.S. Bancorp during the third quarter worth $28,000. Binnacle Investments Inc boosted its position in U.S. Bancorp by 77.8% during the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 273 shares during the period. Finally, Westside Investment Management Inc. boosted its position in U.S. Bancorp by 93.3% during the third quarter. Westside Investment Management Inc. now owns 663 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 320 shares during the period. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

USB has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $65.00 price objective on shares of U.S. Bancorp in a research report on Friday, April 17th. Royal Bank Of Canada lifted their price objective on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley set a $64.00 price objective on shares of U.S. Bancorp in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

Insider Transactions at U.S. Bancorp

In other news, 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 value of $2,280,000.00. Following the completion of the sale, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Trading Up 0.4%

Shares of U.S. Bancorp stock opened at $55.70 on Friday. The firm has a 50-day moving average of $54.71 and a 200-day moving average of $54.16. The stock has a market cap of $86.39 billion, a PE ratio of 11.68, a PEG ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a 52-week low of $42.55 and a 52-week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

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

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp’s payout ratio is presently 43.61%.

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.