Altrius Capital Management Inc Sells 1,141 Shares of U.S. Bancorp (NYSE:USB)

Altrius Capital Management Inc lessened its position in U.S. Bancorp (NYSE:USB) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,165 shares of the financial services provider’s stock after selling 1,141 shares during the quarter. Altrius Capital Management Inc’s holdings in U.S. Bancorp were worth $4,508,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Mufg Bank LTD. lifted its position in shares of U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. Aristotle Capital Management LLC increased its stake in U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after buying an additional 17,066,479 shares during the last quarter. Vanguard Group Inc. lifted its position in U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after buying an additional 6,479,642 shares in the last quarter. Barclays PLC boosted its stake in shares of U.S. Bancorp by 120.4% during the 3rd quarter. Barclays PLC now owns 8,810,834 shares of the financial services provider’s stock worth $291,285,000 after buying an additional 4,813,976 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $79,642,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of several analyst reports. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. UBS Group lowered their target price on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Royal Bank of Canada boosted their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $46.00 to $49.00 in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.14.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Stock Performance

NYSE USB traded up $0.17 during trading on Monday, reaching $41.29. The company’s stock had a trading volume of 4,647,208 shares, compared to its average volume of 8,657,470. The firm has a 50 day moving average price of $42.34 and a 200 day moving average price of $40.21. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The firm has a market capitalization of $64.34 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.75%. U.S. Bancorp’s dividend payout ratio is 64.90%.

U.S. Bancorp 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.