U.S. Bancorp (NYSE:USB) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,237 shares of the financial services provider’s stock after selling 15,255 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in U.S. Bancorp were worth $2,607,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vestcor Inc grew its stake in U.S. Bancorp by 0.7% in the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock valued at $1,460,000 after purchasing an additional 230 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its stake in U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 265 shares in the last quarter. Wealth Alliance grew its stake in U.S. Bancorp by 0.5% in the fourth quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 266 shares in the last quarter. Acadian Asset Management LLC grew its stake in U.S. Bancorp by 3.0% in the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 276 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in U.S. Bancorp by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 2.6 %

Shares of USB stock traded up $1.01 during trading hours on Friday, reaching $40.45. The company had a trading volume of 12,037,614 shares, compared to its average volume of 8,840,654. The company has a 50 day moving average of $42.32 and a 200 day moving average of $39.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market cap of $63.03 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 2.04 and a beta of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is 64.90%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of analyst reports. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. UBS Group reduced their price target on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, Barclays cut their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $46.68.

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.