PFG Investments LLC Sells 459 Shares of U.S. Bancorp (NYSE:USB)

PFG Investments LLC lessened its holdings in U.S. Bancorp (NYSE:USB) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,450 shares of the financial services provider’s stock after selling 459 shares during the quarter. PFG Investments LLC’s holdings in U.S. Bancorp were worth $496,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the fourth quarter worth about $26,000. Legacy Financial Group LLC bought a new stake in U.S. Bancorp during the third quarter worth about $30,000. Compass Wealth Management LLC bought a new stake in U.S. Bancorp during the fourth quarter worth about $39,000. Finally, Union Savings Bank bought a new stake in U.S. Bancorp during the second quarter worth about $37,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In related news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. In the last three months, insiders sold 60,265 shares of company stock valued at $2,535,903. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Barclays boosted their target price on U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Oppenheimer lowered their target price on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Finally, Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.23.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $44.00 on Thursday. The stock has a market capitalization of $68.56 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.24 and a beta of 1.04. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The stock’s 50 day moving average price is $41.92 and its two-hundred day moving average price is $38.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the prior year, the business earned $1.20 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post 3.89 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, March 27th. U.S. Bancorp’s payout ratio is currently 59.76%.

About U.S. Bancorp

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.