KLCM Advisors Inc. Sells 340 Shares of U.S. Bancorp (NYSE:USB)

KLCM Advisors Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,116 shares of the financial services provider’s stock after selling 340 shares during the period. KLCM Advisors Inc.’s holdings in U.S. Bancorp were worth $6,271,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after acquiring an additional 76,914 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of U.S. Bancorp by 44.8% in the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,300 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of U.S. Bancorp by 8.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 44,122 shares of the financial services provider’s stock valued at $2,018,000 after purchasing an additional 3,383 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of U.S. Bancorp by 26.5% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 7,593 shares of the financial services provider’s stock worth $347,000 after buying an additional 1,590 shares in the last quarter. Finally, Stratos Investment Management LLC bought a new stake in shares of U.S. Bancorp during the 3rd quarter worth $201,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 0.7 %

USB opened at $47.73 on Monday. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a fifty day moving average of $48.61 and a 200-day moving average of $47.53. The stock has a market cap of $74.46 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James L. Chosy sold 21,451 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

USB has been the subject of several research analyst reports. Evercore ISI boosted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Oppenheimer upped their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research report on Thursday, October 24th. Wells Fargo & Company upped 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. Finally, Piper Sandler raised 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, January 13th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.