Pacer Advisors Inc. Has $8.18 Million Stake in U.S. Bancorp $USB

Pacer Advisors Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 8.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 153,268 shares of the financial services provider’s stock after selling 14,712 shares during the period. Pacer Advisors Inc.’s holdings in U.S. Bancorp were worth $8,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of USB. Guerra Advisors Inc acquired a new stake in U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp during the third quarter worth about $25,000. Clayton Financial Group LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $25,000. JPL Wealth Management LLC bought a new position in shares of U.S. Bancorp in the third quarter worth about $28,000. Finally, Binnacle Investments Inc lifted its holdings in shares of U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 273 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on USB. Evercore increased their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Jefferies Financial Group reissued a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Thursday, April 16th. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Stock Down 3.3%

Shares of NYSE USB opened at $52.70 on Thursday. The company has a 50 day simple moving average of $53.95 and a 200 day simple moving average of $53.36. The firm has a market cap of $81.81 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. U.S. Bancorp has a 1 year low of $42.21 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. On average, research analysts forecast that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the transaction, the insider owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

U.S. Bancorp Company Profile

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.