Flputnam Investment Management Co. Decreases Holdings in U.S. Bancorp (NYSE:USB)

Flputnam Investment Management Co. reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,440 shares of the financial services provider’s stock after selling 7,864 shares during the quarter. Flputnam Investment Management Co.’s holdings in U.S. Bancorp were worth $452,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after purchasing an additional 6,479,642 shares in the last quarter. Mufg Bank LTD. raised its stake in U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after acquiring an additional 24,000,000 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in U.S. Bancorp by 130,768.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after acquiring an additional 60,227,825 shares during the last quarter. FMR LLC boosted its stake in U.S. Bancorp by 1.8% in the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after acquiring an additional 674,583 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of U.S. Bancorp by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,120,947 shares of the financial services provider’s stock worth $1,028,859,000 after purchasing an additional 1,610,004 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 3.6 %

USB stock opened at $39.52 on Thursday. The company’s 50 day simple moving average is $42.33 and its 200-day simple moving average is $39.72. The firm has a market capitalization of $61.58 billion, a PE ratio of 12.05, a P/E/G ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. Equities analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.

Analyst Ratings Changes

Several brokerages have issued reports on USB. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Keefe, Bruyette & Woods upped their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $47.41.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Profile

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.