American Century Companies Inc. Sells 151,533 Shares of U.S. Bancorp $USB

American Century Companies Inc. reduced its stake in U.S. Bancorp (NYSE:USB) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 10,444,707 shares of the financial services provider’s stock after selling 151,533 shares during the period. American Century Companies Inc.’s holdings in U.S. Bancorp were worth $504,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter valued at approximately $26,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp during the second quarter valued at approximately $27,000. Pineridge Advisors LLC increased its stake in U.S. Bancorp by 446.2% in the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 522 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in U.S. Bancorp in the third quarter worth $31,000. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on USB shares. Royal Bank Of Canada increased their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a research note on Thursday. Keefe, Bruyette & Woods raised their target price on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Evercore upped their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Finally, TD Cowen increased their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Trading Down 4.7%

Shares of U.S. Bancorp stock opened at $54.57 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a 50-day moving average of $56.17 and a 200-day moving average of $51.16. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The stock has a market cap of $84.78 billion, a PE ratio of 11.81, a PEG ratio of 1.02 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the firm earned $1.07 earnings per share. U.S. Bancorp’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s payout ratio is presently 45.02%.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.