Dearborn Partners LLC Has $1.26 Million Stock Position in U.S. Bancorp (NYSE:USB)

Dearborn Partners LLC lowered its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,368 shares of the financial services provider’s stock after selling 1,350 shares during the period. Dearborn Partners LLC’s holdings in U.S. Bancorp were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of USB. Winch Advisory Services LLC raised its position in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter worth about $28,000. Frazier Financial Advisors LLC raised its position in shares of 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 acquiring an additional 441 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its stake in shares of 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 during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 over the last 90 days. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 5.3 %

U.S. Bancorp stock opened at $42.35 on Tuesday. 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 firm’s fifty day moving average price is $47.42 and its two-hundred day moving average price is $47.91. The firm has a market capitalization of $66.06 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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 firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent analyst reports. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Raymond James upgraded 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. Truist Financial assumed coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price target for the company. Finally, Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

About U.S. Bancorp

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.