Focus Partners Advisor Solutions LLC Sells 10,976 Shares of U.S. Bancorp $USB

Focus Partners Advisor Solutions LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 10.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,831 shares of the financial services provider’s stock after selling 10,976 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in U.S. Bancorp were worth $4,670,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in USB. Chemung Canal Trust Co. boosted its holdings in shares of U.S. Bancorp by 205.5% during the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock valued at $3,302,000 after acquiring an additional 45,963 shares in the last quarter. Citigroup Inc. raised its position in U.S. Bancorp by 2.4% in the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock valued at $84,568,000 after purchasing an additional 41,803 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of U.S. Bancorp by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock valued at $17,738,000 after purchasing an additional 47,537 shares in the last quarter. Synergy Asset Management LLC boosted its stake in shares of U.S. Bancorp by 100.0% during the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock valued at $5,428,000 after purchasing an additional 59,981 shares in the last quarter. Finally, Andra AP fonden grew its holdings in shares of U.S. Bancorp by 175.6% during the second quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock worth $20,743,000 after purchasing an additional 292,100 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $61.00 to $66.00 in a research note on Thursday, February 26th. Argus boosted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. TD Cowen increased their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.02.

U.S. Bancorp Stock Performance

Shares of USB opened at $53.98 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm’s fifty day simple moving average is $56.16 and its two-hundred day simple moving average is $51.34. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The stock has a market capitalization of $83.87 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.