Roman Butler Fullerton & Co. Lowers Holdings in U.S. Bancorp (NYSE:USB)

Roman Butler Fullerton & Co. decreased its position in U.S. Bancorp (NYSE:USB) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,193 shares of the financial services provider’s stock after selling 233 shares during the period. Roman Butler Fullerton & Co.’s holdings in U.S. Bancorp were worth $208,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kanawha Capital Management LLC lifted its holdings in U.S. Bancorp by 0.8% during the fourth quarter. Kanawha Capital Management LLC now owns 222,544 shares of the financial services provider’s stock worth $10,644,000 after buying an additional 1,840 shares during the period. Asset Planning Inc purchased a new stake in U.S. Bancorp during the fourth quarter worth $58,000. Banque Pictet & Cie SA purchased a new stake in U.S. Bancorp during the fourth quarter worth $239,000. Compagnie Lombard Odier SCmA lifted its holdings in U.S. Bancorp by 44.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 86,500 shares of the financial services provider’s stock worth $4,137,000 after buying an additional 26,419 shares during the period. Finally, Values Added Financial LLC lifted its holdings in U.S. Bancorp by 50.3% during the fourth quarter. Values Added Financial LLC now owns 6,971 shares of the financial services provider’s stock worth $333,000 after buying an additional 2,333 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on USB shares. Evercore ISI upped their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Compass Point upped their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Truist Financial started coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

Insider Transactions at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the 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 sale, the chief executive officer now directly 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 Jodi L. Richard sold 30,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the sale, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of USB opened at $47.73 on Friday. The business’s 50-day moving average is $48.61 and its two-hundred day moving average is $47.52. The company has a market capitalization of $74.46 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week 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 for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. Research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

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.