U.S. Bancorp $USB Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. reduced its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 920,704 shares of the financial services provider’s stock after selling 14,459 shares during the period. U.S. Bancorp makes up approximately 3.3% of CORDA Investment Management LLC.’s holdings, making the stock its 9th biggest holding. CORDA Investment Management LLC. owned 0.06% of U.S. Bancorp worth $47,886,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clayton Financial Group LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $25,000. Financial Life Planners bought a new position in U.S. Bancorp during the 1st quarter worth about $27,000. JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter valued at about $28,000. Binnacle Investments Inc raised its stake in shares of U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares during the period. Finally, Rossby Financial LCC lifted its holdings in shares of U.S. Bancorp by 57.8% in the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on USB shares. Wells Fargo & Company upped their price objective on U.S. Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Royal Bank Of Canada upped their price target on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. DA Davidson reaffirmed a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a research note on Friday, April 17th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Truist Financial increased their target price on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.31.

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Key Stories Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

U.S. Bancorp Stock Up 0.1%

NYSE:USB opened at $62.49 on Monday. The firm has a market capitalization of $96.93 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a twelve month low of $43.46 and a twelve month high of $63.39. The stock’s 50 day moving average price is $57.18 and its two-hundred day moving average price is $55.80.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts expect that U.S. Bancorp will post 5.11 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

About U.S. Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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