U.S. Bancorp (NYSE:USB) Shares Sold by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. reduced its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,835 shares of the financial services provider’s stock after selling 2,295 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in U.S. Bancorp were worth $209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CGC Financial Services LLC purchased a new stake in U.S. Bancorp during the fourth quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth approximately $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $27,000. Legacy Financial Group LLC acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $30,000. Finally, Compass Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at $39,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,265 shares of company stock worth $2,535,903. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on USB shares. Stephens downgraded U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Finally, Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and an average price target of $46.41.

Check Out Our Latest Stock Analysis on U.S. Bancorp

U.S. Bancorp Price Performance

NYSE:USB traded down $0.70 during mid-day trading on Tuesday, hitting $43.25. 6,462,163 shares of the company’s stock traded hands, compared to its average volume of 8,984,644. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $67.39 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The firm’s 50 day simple moving average is $42.17 and its 200 day simple moving average is $39.04. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same period last year, the company posted $1.20 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 3.88 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Wednesday, March 27th. U.S. Bancorp’s payout ratio is currently 59.76%.

U.S. Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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