Doliver Advisors LP Sells 338 Shares of U.S. Bancorp (NYSE:USB)

Doliver Advisors LP decreased its stake in shares of U.S. Bancorp (NYSE:USB) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,356 shares of the financial services provider’s stock after selling 338 shares during the quarter. Doliver Advisors LP’s holdings in U.S. Bancorp were worth $1,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new stake in U.S. Bancorp in the second quarter valued at $25,000. Frazier Financial Advisors LLC raised its stake in U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after buying an additional 441 shares during the period. Global Wealth Strategies & Associates boosted its holdings in U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in U.S. Bancorp in the second quarter valued at approximately $33,000. Finally, Kimelman & Baird LLC acquired a new stake in U.S. Bancorp in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the sale, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.02 during trading hours on Monday, hitting $48.84. 2,623,888 shares of the company were exchanged, compared to its average volume of 5,054,789. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $76.19 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 3.01 and a beta of 1.03. The firm has a fifty day simple moving average of $50.20 and a 200 day simple moving average of $46.25. 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 released its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts predict that U.S. Bancorp will post 3.93 earnings per share for the current fiscal year.

U.S. Bancorp announced that its board has initiated a share repurchase plan on Thursday, September 12th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

Analysts Set New Price Targets

USB has been the subject of several research reports. Evercore ISI lifted their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a report on Thursday, October 24th. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Oppenheimer cut their price target on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Piper Sandler increased their price objective on U.S. Bancorp from $52.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $54.08.

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.