U.S. Bancorp (NYSE:USB) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE trimmed its position in U.S. Bancorp (NYSE:USB) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,921 shares of the financial services provider’s stock after selling 501 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in U.S. Bancorp were worth $2,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in USB. Scientech Research LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at $213,000. Northwestern Mutual Wealth Management Co. increased its position in shares of U.S. Bancorp by 1.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187,996 shares of the financial services provider’s stock valued at $7,463,000 after acquiring an additional 2,725 shares during the period. NewEdge Advisors LLC boosted its holdings in U.S. Bancorp by 11.8% in the second quarter. NewEdge Advisors LLC now owns 90,312 shares of the financial services provider’s stock valued at $3,585,000 after purchasing an additional 9,506 shares during the last quarter. New Century Financial Group LLC purchased a new stake in U.S. Bancorp in the second quarter valued at $363,000. Finally, Creekside Partners purchased a new stake in U.S. Bancorp in the second quarter valued at $306,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 1.6 %

Shares of NYSE USB opened at $47.65 on Thursday. The company has a 50 day simple moving average of $49.93 and a 200-day simple moving average of $47.30. The company has a market capitalization of $74.34 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.81 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. U.S. Bancorp’s payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a report on Thursday, October 24th. Stephens upped their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Truist Financial started coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price on the stock. Finally, Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.