U.S. Bancorp (NYSE:USB) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its holdings in shares of U.S. Bancorp (NYSE:USB) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,650 shares of the financial services provider’s stock after selling 553 shares during the period. Koshinski Asset Management Inc.’s holdings in U.S. Bancorp were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in shares of U.S. Bancorp in the second quarter valued at approximately $9,198,000. Pacer Advisors Inc. raised its position in shares of U.S. Bancorp by 4.6% in the second quarter. Pacer Advisors Inc. now owns 111,691 shares of the financial services provider’s stock valued at $4,434,000 after buying an additional 4,910 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of U.S. Bancorp by 6.1% in the second quarter. Mount Yale Investment Advisors LLC now owns 9,009 shares of the financial services provider’s stock valued at $358,000 after buying an additional 520 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of U.S. Bancorp by 8.7% in the second quarter. Evergreen Capital Management LLC now owns 14,736 shares of the financial services provider’s stock valued at $592,000 after buying an additional 1,183 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of U.S. Bancorp by 1,438.4% in the second quarter. Marshall Wace LLP now owns 2,263,296 shares of the financial services provider’s stock valued at $89,853,000 after buying an additional 2,116,175 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on USB shares. Truist Financial started coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective for the company. Wells Fargo & Company boosted their target price 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. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Thursday, December 19th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Trading Down 1.3 %

NYSE USB opened at $48.67 on Thursday. The company’s fifty day simple moving average is $50.10 and its 200-day simple moving average is $47.02. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. 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 market cap of $75.93 billion, a P/E ratio of 12.84, a PEG ratio of 1.80 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.11%. U.S. Bancorp’s dividend payout ratio is presently 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.