West Family Investments Inc. Sells 908 Shares of U.S. Bancorp (NYSE:USB)

West Family Investments Inc. lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,327 shares of the financial services provider’s stock after selling 908 shares during the period. West Family Investments Inc.’s holdings in U.S. Bancorp were worth $225,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Westend Capital Management LLC bought a new position in U.S. Bancorp in the first quarter valued at approximately $27,000. YANKCOM Partnership raised its holdings in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 260 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $30,000. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp in the 1st quarter valued at $30,000. Finally, Millstone Evans Group LLC acquired a new position in U.S. Bancorp in the 4th quarter worth $31,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $45.67 on Wednesday. The firm has a 50-day moving average price of $44.59 and a two-hundred day moving average price of $44.32. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a market capitalization of $71.15 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.81 and a beta of 0.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the company posted $0.78 EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.38%. U.S. Bancorp’s dividend payout ratio is 49.50%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays cut their price target on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Piper Sandler cut their target price on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Finally, Royal Bank Of Canada cut their price objective on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.70.

Insiders Place Their Bets

In other news, Director Aleem Gillani bought 5,000 shares of the firm’s stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

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.