Natixis Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

Natixis lessened its position in shares of U.S. Bancorp (NYSE:USB) by 19.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 344,056 shares of the financial services provider’s stock after selling 80,686 shares during the period. Natixis’ holdings in U.S. Bancorp were worth $16,456,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of USB. Winch Advisory Services LLC grew its holdings in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 490 shares during the period. J.Safra Asset Management Corp acquired a new stake in U.S. Bancorp during the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp in the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates boosted its position in U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after buying an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter worth $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James reiterated an “outperform” rating and issued a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a report on Thursday. Barclays decreased their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial lowered their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a report on Thursday. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Finally, Piper Sandler decreased their price target on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.66.

U.S. Bancorp Stock Performance

NYSE:USB opened at $38.21 on Friday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market capitalization of $59.53 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $42.55 and a two-hundred day moving average price of $46.79.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 5.23%. U.S. Bancorp’s payout ratio is currently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Company 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.