Yousif Capital Management LLC Trims Position in U.S. Bancorp $USB

Yousif Capital Management LLC lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,359 shares of the financial services provider’s stock after selling 10,595 shares during the quarter. Yousif Capital Management LLC’s holdings in U.S. Bancorp were worth $10,352,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in USB. Chemung Canal Trust Co. raised its stake in U.S. Bancorp by 205.5% during the third quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 45,963 shares during the period. Citigroup Inc. raised its stake in U.S. Bancorp by 2.4% during the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after purchasing an additional 41,803 shares during the period. Jones Financial Companies Lllp raised its stake in U.S. Bancorp by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock worth $17,738,000 after purchasing an additional 47,537 shares during the period. Synergy Asset Management LLC raised its stake in U.S. Bancorp by 100.0% during the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock worth $5,428,000 after purchasing an additional 59,981 shares during the period. Finally, Danske Bank A S purchased a new position in U.S. Bancorp during the third quarter worth approximately $37,162,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent analyst reports. Oppenheimer cut their price target on shares of U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. Evercore increased their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. Argus raised their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the company from $61.00 to $66.00 in a research note on Thursday, February 26th. Finally, TD Cowen raised their target price on shares of U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.26.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $55.33 on Thursday. The company’s fifty day simple moving average is $54.79 and its 200-day simple moving average is $51.99. U.S. Bancorp has a 52 week low of $35.49 and a 52 week high of $61.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market cap of $85.89 billion, a PE ratio of 11.98, a P/E/G ratio of 0.97 and a beta of 1.01.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.8%. U.S. Bancorp’s payout ratio is 45.02%.

U.S. Bancorp Company 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.