Cambridge Trust Co. Sells 712 Shares of U.S. Bancorp (NYSE:USB)

Cambridge Trust Co. decreased its position in shares of U.S. Bancorp (NYSE:USB) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,203 shares of the financial services provider’s stock after selling 712 shares during the quarter. Cambridge Trust Co.’s holdings in U.S. Bancorp were worth $6,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. BCK Partners Inc. bought a new position in shares of U.S. Bancorp during the 1st quarter worth $2,514,000. Acadian Asset Management LLC grew its position in shares of U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after buying an additional 276 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of U.S. Bancorp by 20.8% during the 1st quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 3,663 shares in the last quarter. Prudential PLC purchased a new stake in shares of U.S. Bancorp during the 1st quarter worth $1,731,000. Finally, Candriam Luxembourg S.C.A. lifted its stake in shares of U.S. Bancorp by 5.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock worth $4,573,000 after purchasing an additional 4,827 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer decreased their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Morgan Stanley increased their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Wells Fargo & Company decreased their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.91.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded down $0.17 during midday trading on Thursday, hitting $39.35. 5,081,597 shares of the company were exchanged, compared to its average volume of 8,730,968. The firm has a market capitalization of $61.31 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The business has a fifty day simple moving average of $42.33 and a two-hundred day simple moving average of $39.72. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $1.16 earnings per share. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.98%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is currently 59.76%.

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.