U.S. Bancorp (NYSE:USB) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240,154 shares of the financial services provider’s stock after selling 3,982 shares during the quarter. U.S. Bancorp comprises approximately 0.7% of Goelzer Investment Management Inc.’s portfolio, making the stock its 26th biggest holding. Goelzer Investment Management Inc.’s holdings in U.S. Bancorp were worth $11,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Winch Advisory Services LLC boosted its position in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the period. Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Albion Financial Group UT grew its stake in shares of U.S. Bancorp by 92.8% during the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock valued at $33,000 after buying an additional 335 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $49.00 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $50.01 and a 200-day moving average of $47.04. The stock has a market cap of $76.43 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period last year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on USB. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research note on Monday, January 13th. Compass Point increased their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley cut their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.21.

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.