U.S. Bancorp (NYSE:USB) Shares Sold by Rockland Trust Co.

Rockland Trust Co. lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,769 shares of the financial services provider’s stock after selling 516 shares during the quarter. Rockland Trust Co.’s holdings in U.S. Bancorp were worth $1,137,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Oak Thistle LLC acquired a new position in U.S. Bancorp during the fourth quarter worth approximately $339,000. R.H. Investment Group LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $3,872,000. SeaCrest Wealth Management LLC increased its holdings in shares of U.S. Bancorp by 5.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 12,182 shares of the financial services provider’s stock worth $583,000 after buying an additional 668 shares during the last quarter. Accurate Wealth Management LLC raised its position in shares of U.S. Bancorp by 7.1% in the 4th quarter. Accurate Wealth Management LLC now owns 9,932 shares of the financial services provider’s stock worth $471,000 after buying an additional 662 shares during the period. Finally, Quantum Financial Advisors LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at $201,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the transaction, the insider now directly owns 129,790 shares in the company, valued at approximately $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 accessible through the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Trading Up 1.4 %

U.S. Bancorp stock opened at $49.08 on Wednesday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm’s 50-day moving average is $50.25 and its 200-day moving average is $46.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $76.57 billion, a P/E ratio of 15.01, a PEG ratio of 3.01 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.90 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. U.S. Bancorp’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. On average, equities 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. Investors of record on Tuesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.07%. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Monday. Evercore ISI raised their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Stephens raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Oppenheimer reduced their target price on shares of U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Ten investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.07.

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.