Carnegie Investment Counsel Sells 4,558 Shares of U.S. Bancorp (NYSE:USB)

Carnegie Investment Counsel decreased its holdings in U.S. Bancorp (NYSE:USB) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 109,381 shares of the financial services provider’s stock after selling 4,558 shares during the quarter. Carnegie Investment Counsel’s holdings in U.S. Bancorp were worth $5,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC raised its stake in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after buying an additional 490 shares during the period. Frazier Financial Advisors LLC increased its stake in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the period. Global Wealth Strategies & Associates increased its stake in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares during the period. FNY Investment Advisers LLC bought a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $38,000. Finally, Kimelman & Baird LLC bought a new position in shares of U.S. Bancorp during the second quarter worth approximately $40,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.8 %

Shares of USB stock opened at $48.40 on Friday. The stock’s fifty day moving average price is $50.22 and its two-hundred day moving average price is $46.72. The company has a market cap of $75.50 billion, a PE ratio of 14.80, a P/E/G ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the business posted $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that U.S. Bancorp will post 3.91 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 61.16%.

Analyst Upgrades and Downgrades

USB has been the topic of a number of recent research reports. Barclays increased their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Monday, January 13th. Stephens increased their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Robert W. Baird set a $54.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

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.