Ferguson Wellman Capital Management Inc. Has $2.86 Million Holdings in U.S. Bancorp $USB

Ferguson Wellman Capital Management Inc. lessened its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 17.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,997 shares of the financial services provider’s stock after selling 11,399 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in U.S. Bancorp were worth $2,860,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Clayton Financial Group LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $25,000. Financial Life Planners bought a new stake in U.S. Bancorp during the first quarter worth approximately $27,000. Rossby Financial LCC grew its holdings in U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 212 shares during the last quarter. JPL Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC raised its position in shares of U.S. Bancorp by 54.7% in the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on USB shares. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 6th. Jefferies Financial Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. UBS Group upped their price target on shares of U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Finally, Truist Financial raised their price target on U.S. Bancorp from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.31.

Get Our Latest Analysis on USB

U.S. Bancorp Stock Up 0.1%

Shares of USB opened at $62.49 on Monday. The company has a 50-day simple moving average of $57.18 and a 200-day simple moving average of $55.80. The firm has a market capitalization of $96.93 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.07 and a beta of 0.96. 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 has a 52 week low of $43.46 and a 52 week high of $63.39.

U.S. Bancorp (NYSE:USBGet Free Report) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that U.S. Bancorp will post 5.11 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.52 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.

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About U.S. Bancorp

(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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