Moody National Bank Trust Division Sells 1,195 Shares of U.S. Bancorp (NYSE:USB)

Moody National Bank Trust Division lessened its position in shares of U.S. Bancorp (NYSE:USB) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,785 shares of the financial services provider’s stock after selling 1,195 shares during the period. Moody National Bank Trust Division’s holdings in U.S. Bancorp were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of USB. Parallel Advisors LLC boosted its position in shares of U.S. Bancorp by 3.4% during the 2nd quarter. Parallel Advisors LLC now owns 19,860 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 648 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in U.S. Bancorp by 128.8% in the second quarter. Thoroughbred Financial Services LLC now owns 21,609 shares of the financial services provider’s stock valued at $857,000 after buying an additional 12,164 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 22.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 146,210 shares of the financial services provider’s stock worth $5,805,000 after buying an additional 26,554 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth approximately $25,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of U.S. Bancorp by 4.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 119,282 shares of the financial services provider’s stock valued at $4,735,000 after acquiring an additional 5,603 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the sale, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on USB. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday, October 24th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. Finally, Truist Financial initiated coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $54.07.

U.S. Bancorp Stock Performance

USB stock opened at $48.38 on Tuesday. The business has a 50 day moving average of $50.22 and a 200-day moving average of $46.61. The firm has a market cap of $75.47 billion, a PE ratio of 14.80, a P/E/G ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is 61.16%.

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.