Mesirow Financial Investment Management Inc. Sells 11,529 Shares of U.S. Bancorp $USB

Mesirow Financial Investment Management Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 36.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,167 shares of the financial services provider’s stock after selling 11,529 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in U.S. Bancorp were worth $1,076,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. increased its holdings in shares of U.S. Bancorp by 1.2% in the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 184 shares during the period. Genesis Private Wealth LLC increased its holdings in shares of U.S. Bancorp by 2.3% in the fourth quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock worth $445,000 after purchasing an additional 187 shares during the period. Lantz Financial LLC increased its holdings in shares of U.S. Bancorp by 0.4% in the fourth quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider’s stock worth $2,634,000 after purchasing an additional 199 shares during the period. Park National Corp OH increased its holdings in shares of U.S. Bancorp by 0.7% in the fourth quarter. Park National Corp OH now owns 27,364 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 200 shares during the period. Finally, Romano Brothers AND Company increased its position in shares of U.S. Bancorp by 2.4% in the fourth quarter. Romano Brothers AND Company now owns 9,156 shares of the financial services provider’s stock worth $489,000 after purchasing an additional 211 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $53.15 on Friday. U.S. Bancorp has a 52-week low of $42.21 and a 52-week high of $61.19. 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 company has a market capitalization of $82.50 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.96 and a beta of 1.00. The company has a fifty day moving average of $53.91 and a 200-day moving average of $53.39.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm posted $1.03 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. DA Davidson reiterated a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a research report on Friday, April 17th. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Truist Financial dropped their price objective on shares of U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating for the company in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction 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 sale, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was 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 of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

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.