Leavell Investment Management Inc. Has $852,000 Stake in U.S. Bancorp (NYSE:USB)

Leavell Investment Management Inc. decreased its holdings in U.S. Bancorp (NYSE:USB) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,472 shares of the financial services provider’s stock after selling 501 shares during the period. Leavell Investment Management Inc.’s holdings in U.S. Bancorp were worth $852,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in USB. BCK Partners Inc. acquired a new position in U.S. Bancorp in the first quarter worth approximately $2,514,000. Acadian Asset Management LLC increased its holdings in U.S. Bancorp by 3.0% in the first 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 during the last quarter. Vontobel Holding Ltd. increased its holdings in U.S. Bancorp by 20.8% in the first 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 during the last quarter. Prudential PLC acquired a new position in U.S. Bancorp in the first quarter worth approximately $1,731,000. Finally, Candriam Luxembourg S.C.A. increased its holdings in U.S. Bancorp by 5.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock worth $4,573,000 after buying an additional 4,827 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In related news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the transaction, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction dated 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 approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock worth $2,535,903 over the last three months. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $42.92 on Friday. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The firm has a market cap of $66.87 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average of $42.21 and a 200-day moving average of $39.15.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.57%. U.S. Bancorp’s payout ratio is 59.76%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of recent analyst reports. Odeon Capital Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 target price for the company in a research report on Thursday, December 14th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Finally, UBS Group increased their price objective on U.S. Bancorp from $35.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.41.

About U.S. Bancorp

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.