WINTON GROUP Ltd Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

WINTON GROUP Ltd reduced its position in U.S. Bancorp (NYSE:USB) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,311 shares of the financial services provider’s stock after selling 25,390 shares during the period. WINTON GROUP Ltd’s holdings in U.S. Bancorp were worth $4,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in shares of U.S. Bancorp by 63.1% in the 3rd quarter. Intech Investment Management LLC now owns 15,284 shares of the financial services provider’s stock worth $699,000 after purchasing an additional 5,911 shares during the period. Cadence Bank bought a new position in U.S. Bancorp in the 3rd quarter worth $235,000. Townsquare Capital LLC grew its holdings in U.S. Bancorp by 6.1% during the third quarter. Townsquare Capital LLC now owns 173,301 shares of the financial services provider’s stock valued at $7,925,000 after purchasing an additional 9,890 shares during the period. CreativeOne Wealth LLC increased its position in U.S. Bancorp by 16.0% in the third quarter. CreativeOne Wealth LLC now owns 30,537 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 4,203 shares in the last quarter. Finally, Providence Capital Advisors LLC lifted its position in shares of U.S. Bancorp by 0.8% during the 3rd quarter. Providence Capital Advisors LLC now owns 80,958 shares of the financial services provider’s stock valued at $3,702,000 after buying an additional 612 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now directly owns 99,790 shares of the company’s stock, valued at $4,749,006.10. The trade was a 23.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred on 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 sale, the insider now directly owns 209,482 shares of the company’s stock, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 over the last quarter. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Thursday, December 19th. Truist Financial initiated coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price on the stock. Barclays increased their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Bank of America lowered their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, The Goldman Sachs Group cut their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $53.48.

U.S. Bancorp Stock Down 1.2 %

Shares of NYSE USB opened at $43.25 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The firm’s 50-day moving average price is $45.87 and its 200-day moving average price is $47.57. The stock has a market capitalization of $67.39 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for 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 company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.62%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s payout ratio is 52.77%.

U.S. Bancorp Company 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.