U.S. Bancorp $USB Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 61.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,857 shares of the financial services provider’s stock after selling 23,866 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in U.S. Bancorp were worth $773,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after acquiring an additional 36,863 shares during the last quarter. Empowered Funds LLC raised its holdings in U.S. Bancorp by 2.1% in the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock valued at $1,453,000 after acquiring an additional 714 shares during the last quarter. Intech Investment Management LLC lifted its stake in U.S. Bancorp by 18.9% in the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $425,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $701,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the topic of a number of analyst reports. Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Truist Financial cut their target price on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lowered their price target on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Finally, Stephens began coverage on shares of U.S. Bancorp in a report on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.29.

U.S. Bancorp Trading Up 0.8%

Shares of U.S. Bancorp stock opened at $58.62 on Tuesday. The stock has a 50 day moving average of $55.73 and a 200 day moving average of $54.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $90.93 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.01 and a beta of 0.97. U.S. Bancorp has a fifty-two week low of $42.93 and a fifty-two week high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts predict that U.S. Bancorp will post 5.08 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s payout ratio is 43.61%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated 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 sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the business’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 transaction of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

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.