U.S. Bancorp (NYSE:USB) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its position in shares of U.S. Bancorp (NYSE:USB) by 61.7% in the 4th quarter, HoldingsChannel reports. The fund owned 2,867 shares of the financial services provider’s stock after selling 4,609 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in U.S. Bancorp were worth $119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of U.S. Bancorp by 19.2% in the 3rd quarter. IFP Advisors Inc now owns 12,237 shares of the financial services provider’s stock valued at $405,000 after buying an additional 1,974 shares in the last quarter. State of Alaska Department of Revenue raised its position in U.S. Bancorp by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 185,108 shares of the financial services provider’s stock valued at $6,119,000 after purchasing an additional 12,235 shares during the last quarter. DAVENPORT & Co LLC raised its position in U.S. Bancorp by 2.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 173,617 shares of the financial services provider’s stock valued at $5,740,000 after purchasing an additional 3,321 shares during the last quarter. CreativeOne Wealth LLC raised its position in U.S. Bancorp by 19.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 10,631 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in U.S. Bancorp by 7,110.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,461 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,413 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In related news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $40.96 on Wednesday. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The stock has a market capitalization of $63.82 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.13 and a beta of 1.05. The firm’s 50-day moving average is $42.34 and its two-hundred day moving average is $40.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts predict that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.79%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Analyst Upgrades and Downgrades

Several analysts recently commented on USB shares. Evercore ISI upped their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Morgan Stanley upped their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.14.

U.S. Bancorp Profile

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.