U.S. Bancorp (NYSE:USB) Shares Sold by Evermay Wealth Management LLC

Posted by on Mar 27th, 2023

Evermay Wealth Management LLC cut its holdings in U.S. Bancorp (NYSE:USB – Get Rating) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,132 shares of the financial services provider’s stock after selling 1,066 shares during the period. Evermay Wealth Management LLC’s holdings in U.S. Bancorp were worth $138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Adirondack Trust Co. raised its stake in U.S. Bancorp by 8.5% in the fourth quarter. Adirondack Trust Co. now owns 2,808 shares of the financial services provider’s stock valued at $122,000 after buying an additional 220 shares in the last quarter. Waldron Private Wealth LLC grew its holdings in shares of U.S. Bancorp by 1.7% during the third quarter. Waldron Private Wealth LLC now owns 14,330 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 234 shares during the last quarter. Smith Salley & Associates grew its holdings in shares of U.S. Bancorp by 0.3% during the third quarter. Smith Salley & Associates now owns 69,471 shares of the financial services provider’s stock worth $2,801,000 after purchasing an additional 236 shares during the last quarter. Epiq Partners LLC grew its holdings in shares of U.S. Bancorp by 3.3% during the fourth quarter. Epiq Partners LLC now owns 7,729 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 244 shares during the last quarter. Finally, Tradewinds LLC. grew its holdings in shares of U.S. Bancorp by 3.2% during the third quarter. Tradewinds LLC. now owns 8,054 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 246 shares during the last quarter. 71.83% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

USB stock opened at $34.90 on Monday. The firm has a 50 day moving average of $45.23 and a 200-day moving average of $44.05. U.S. Bancorp has a 12-month low of $32.72 and a 12-month high of $57.92. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90. The company has a market cap of $53.46 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.08 and a beta of 0.98.

U.S. Bancorp (NYSE:USB – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. U.S. Bancorp had a net margin of 21.26% and a return on equity of 16.13%. The company had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the firm earned $1.07 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts expect that U.S. Bancorp will post 4.96 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.92 annualized dividend and a dividend yield of 5.50%. U.S. Bancorp’s dividend payout ratio is currently 51.75%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. DA Davidson assumed coverage on U.S. Bancorp in a report on Tuesday, December 20th. They set a “neutral” rating and a $47.00 price objective on the stock. Robert W. Baird raised U.S. Bancorp from a “neutral” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Monday, March 20th. Credit Suisse Group raised their price objective on U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. UBS Group raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $55.00 in a report on Tuesday, January 10th. Finally, Royal Bank of Canada lowered their price target on U.S. Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.42.

U.S. Bancorp Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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

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