Bryn Mawr Capital Management LLC Lowers Stock Holdings in U.S. Bancorp (NYSE:USB)

Bryn Mawr Capital Management LLC reduced its position in U.S. Bancorp (NYSE:USB) by 58.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,727 shares of the financial services provider’s stock after selling 30,228 shares during the period. Bryn Mawr Capital Management LLC’s holdings in U.S. Bancorp were worth $940,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $27,000. Naples Money Management LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at $30,000. Finally, Legacy Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter valued at $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Terrance R. Dolan sold 26,583 shares of the business’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 completion of the sale, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the business’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 sale, 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. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $41.12 on Friday. The firm has a market cap of $64.07 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The firm’s 50-day simple moving average is $42.34 and its 200-day simple moving average is $40.11. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 EPS. Equities analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on USB. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. DA Davidson decreased their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Morgan Stanley upped their price target 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, Barclays decreased their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $46.14.

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.