Fort Washington Investment Advisors Inc. OH Sells 74,415 Shares of U.S. Bancorp $USB

Fort Washington Investment Advisors Inc. OH lessened its holdings in U.S. Bancorp (NYSE:USB) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,530,942 shares of the financial services provider’s stock after selling 74,415 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.10% of U.S. Bancorp worth $81,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Synergy Asset Management LLC boosted its stake in shares of U.S. Bancorp by 8.1% in the fourth quarter. Synergy Asset Management LLC now owns 129,629 shares of the financial services provider’s stock worth $6,917,000 after acquiring an additional 9,667 shares during the period. Kathmere Capital Management LLC raised its stake in U.S. Bancorp by 14.9% during the 4th quarter. Kathmere Capital Management LLC now owns 17,847 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 2,309 shares during the period. Bank & Trust Co lifted its holdings in U.S. Bancorp by 14.3% in the 4th quarter. Bank & Trust Co now owns 5,546 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 692 shares in the last quarter. Norden Group LLC boosted its stake in U.S. Bancorp by 9.5% in the 4th quarter. Norden Group LLC now owns 27,932 shares of the financial services provider’s stock worth $1,490,000 after purchasing an additional 2,427 shares during the period. Finally, Mayflower Financial Advisors LLC bought a new position in U.S. Bancorp in the 4th quarter worth approximately $218,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Down 0.7%

NYSE USB opened at $51.54 on Friday. The stock has a 50 day moving average price of $55.27 and a 200-day moving average price of $51.76. U.S. Bancorp has a one year low of $35.18 and a one year high of $61.19. 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 company has a market capitalization of $80.00 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.88 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. U.S. Bancorp’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. As a group, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.52 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. U.S. Bancorp’s payout ratio is 45.02%.

Insider Activity

In other news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on USB. Jefferies Financial Group began coverage on shares of U.S. Bancorp in a research report on Thursday. They set a “hold” rating and a $55.00 price objective on the stock. Argus raised their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. JPMorgan Chase & Co. boosted their price target on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Finally, Evercore increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.80.

About U.S. Bancorp

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.