Avior Wealth Management LLC Sells 19,467 Shares of U.S. Bancorp (NYSE:USB)

Avior Wealth Management LLC reduced its position in shares of U.S. Bancorp (NYSE:USB) by 68.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,950 shares of the financial services provider’s stock after selling 19,467 shares during the quarter. Avior Wealth Management LLC’s holdings in U.S. Bancorp were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at about $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp during the 4th quarter valued at about $27,000. Legacy Financial Group LLC bought a new stake in U.S. Bancorp during the 3rd quarter valued at about $30,000. Finally, Compass Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $39,000. 77.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

USB opened at $39.44 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The company has a market cap of $61.45 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.04 and a beta of 1.05. The company’s 50 day moving average is $42.31 and its 200 day moving average is $39.72.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts predict that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.97%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on USB. DA Davidson reduced their price target on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank of Canada lifted their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Finally, Oppenheimer reduced their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $46.91.

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.