New Age Alpha Advisors LLC trimmed its stake in shares of U.S. Bancorp (NYSE:USB – Free Report) by 19.1% in the 4th quarter, HoldingsChannel reports. The firm owned 56,573 shares of the financial services provider’s stock after selling 13,353 shares during the period. New Age Alpha Advisors LLC’s holdings in U.S. Bancorp were worth $3,019,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guerra Advisors Inc acquired a new position in U.S. Bancorp during the 3rd quarter worth $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the 3rd quarter worth $25,000. Clayton Financial Group LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $25,000. JPL Wealth Management LLC acquired a new position in U.S. Bancorp during the 3rd quarter worth $28,000. Finally, Binnacle Investments Inc grew its stake in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 273 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.
U.S. Bancorp Stock Up 0.7%
U.S. Bancorp stock opened at $55.20 on Wednesday. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two 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. The company has a market capitalization of $85.69 billion, a P/E ratio of 11.57, a PEG ratio of 0.99 and a beta of 1.00. The stock has a 50-day simple moving average of $54.22 and a 200-day simple moving average of $53.81.
U.S. Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.8%. U.S. Bancorp’s dividend payout ratio is currently 43.61%.
Insider Activity at U.S. Bancorp
In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on USB shares. 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 upped their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Morgan Stanley set a $64.00 price objective on U.S. Bancorp in a research report on Friday, April 17th. UBS Group reissued a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Wednesday, February 4th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.
About U.S. Bancorp
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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