Pioneer Trust Bank N A OR Decreases Position in U.S. Bancorp (NYSE:USB)

Pioneer Trust Bank N A OR decreased its position in U.S. Bancorp (NYSE:USB) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,995 shares of the financial services provider’s stock after selling 5,275 shares during the period. Pioneer Trust Bank N A OR’s holdings in U.S. Bancorp were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mosaic Family Wealth Partners LLC increased its stake in U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after buying an additional 265 shares during the period. Wealth Alliance boosted its holdings in shares of U.S. Bancorp by 0.5% in the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after buying an additional 266 shares during the period. Perkins Capital Management Inc. grew its position in shares of U.S. Bancorp by 2.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock valued at $495,000 after buying an additional 300 shares during the last quarter. Mechanics Financial Corp raised its position in shares of U.S. Bancorp by 4.9% during the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 300 shares during the period. Finally, Cigna Investments Inc. New boosted its position in U.S. Bancorp by 1.9% during the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. 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 report on Thursday, April 18th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Oppenheimer cut their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.02.

U.S. Bancorp Stock Down 0.4 %

Shares of USB traded down $0.15 during mid-day trading on Thursday, hitting $41.54. 6,375,504 shares of the company’s stock were exchanged, compared to its average volume of 8,512,760. The company has a market cap of $64.82 billion, a PE ratio of 13.75, a P/E/G ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a 52 week low of $28.53 and a 52 week high of $45.85. The company has a 50-day simple moving average of $42.35 and a 200 day simple moving average of $40.64. 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 earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating 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 business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, research analysts forecast that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

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.