Moody National Bank Trust Division Sells 1,195 Shares of U.S. Bancorp (NYSE:USB)

Moody National Bank Trust Division decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.8% during the fourth quarter, HoldingsChannel reports. The fund owned 23,785 shares of the financial services provider’s stock after selling 1,195 shares during the quarter. Moody National Bank Trust Division’s holdings in U.S. Bancorp were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in USB. Wedmont Private Capital raised its stake in shares of U.S. Bancorp by 19.8% during the 4th quarter. Wedmont Private Capital now owns 22,913 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 3,790 shares during the period. Thomasville National Bank grew its holdings in U.S. Bancorp by 1.7% during the 4th quarter. Thomasville National Bank now owns 662,228 shares of the financial services provider’s stock valued at $31,674,000 after buying an additional 11,043 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of U.S. Bancorp by 18.9% during the fourth quarter. Capital Investment Advisors LLC now owns 7,149 shares of the financial services provider’s stock valued at $342,000 after buying an additional 1,135 shares during the period. Brookstone Capital Management lifted its holdings in shares of U.S. Bancorp by 7.1% in the fourth quarter. Brookstone Capital Management now owns 244,688 shares of the financial services provider’s stock worth $11,703,000 after buying an additional 16,293 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $296,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on USB. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Thursday, December 19th. Evercore ISI upped their price target on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Truist Financial started coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Oppenheimer decreased their target price on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Compass Point raised their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.07.

Insider Buying and Selling

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

U.S. Bancorp Trading Up 2.1 %

Shares of USB stock opened at $48.38 on Tuesday. The business has a 50-day moving average of $50.22 and a 200 day moving average of $46.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The stock has a market capitalization of $75.47 billion, a PE ratio of 14.80, a P/E/G ratio of 3.01 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

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.