U.S. Bancorp (NYSE:USB) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC cut its position in U.S. Bancorp (NYSE:USB) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,415 shares of the financial services provider’s stock after selling 908 shares during the quarter. Highland Capital Management LLC’s holdings in U.S. Bancorp were worth $3,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB raised its holdings in shares of U.S. Bancorp by 2.4% during the fourth quarter. Swedbank AB now owns 554,489 shares of the financial services provider’s stock valued at $26,521,000 after buying an additional 13,223 shares during the last quarter. Strategic Blueprint LLC boosted its position in U.S. Bancorp by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 226 shares during the period. Forsta AP Fonden grew its stake in shares of U.S. Bancorp by 1.2% in the fourth quarter. Forsta AP Fonden now owns 331,000 shares of the financial services provider’s stock worth $15,832,000 after purchasing an additional 3,900 shares in the last quarter. Nvest Financial LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at $336,000. Finally, Foster Victor Wealth Advisors LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $9,091,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.8 %

Shares of NYSE USB opened at $48.04 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. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The business has a 50-day moving average price of $49.87 and a two-hundred day moving average price of $47.30. The firm has a market capitalization of $74.94 billion, a PE ratio of 12.68, a PEG ratio of 1.81 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.16%. U.S. Bancorp’s dividend payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

USB has been the topic of several research analyst reports. Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird set a $54.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Wells Fargo & Company increased their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Evercore ISI upped their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. 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 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp 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.