U.S. Bancorp $USB Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. decreased its position in shares of U.S. Bancorp (NYSE:USBFree Report) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,552 shares of the financial services provider’s stock after selling 19,740 shares during the period. KLCM Advisors Inc.’s holdings in U.S. Bancorp were worth $5,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paulson Wealth Management Inc. grew its stake in shares of U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 173 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in 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 valued at $832,000 after purchasing an additional 184 shares during the last quarter. Flputnam Investment Management Co. boosted its holdings in U.S. Bancorp by 1.4% in the fourth quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 186 shares during the last quarter. Formidable Asset Management LLC grew its stake in U.S. Bancorp by 0.8% during the 1st quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 186 shares in the last quarter. Finally, Genesis Private Wealth LLC increased its holdings in U.S. Bancorp by 2.3% during the 4th 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 last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

Shares of USB traded up $0.59 during mid-day trading on Friday, hitting $62.49. The stock had a trading volume of 6,421,100 shares, compared to its average volume of 8,819,863. U.S. Bancorp has a fifty-two week low of $43.46 and a fifty-two week high of $63.39. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market cap of $96.93 billion, a PE ratio of 13.10, a PEG ratio of 1.06 and a beta of 0.96. The company’s fifty day simple moving average is $57.18 and its two-hundred day simple moving average is $55.79.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that U.S. Bancorp will post 5.11 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is 43.61%.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

Wall Street Analyst Weigh In

Several research firms have recently commented on USB. Truist Financial increased their target price on U.S. Bancorp from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, June 26th. 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 upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $75.00 in a research note on Monday, July 6th. Stephens assumed coverage on shares of U.S. Bancorp in a report on Monday, June 15th. They set an “equal weight” rating and a $63.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of U.S. Bancorp from $57.50 to $65.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.31.

Get Our Latest Stock Analysis on USB

Insiders Place Their Bets

In other news, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction dated 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 transaction, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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