U.S. Bancorp (NYSE:USB) Shares Purchased by Wealth Alliance

Wealth Alliance boosted its position in shares of U.S. Bancorp (NYSE:USB) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,229 shares of the financial services provider’s stock after acquiring an additional 266 shares during the period. Wealth Alliance’s holdings in U.S. Bancorp were worth $2,131,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USB. Vestcor Inc lifted its position in shares of U.S. Bancorp by 0.7% during the 4th quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 230 shares during the last quarter. Mosaic Family Wealth Partners LLC lifted its position in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after buying an additional 265 shares during the last quarter. Acadian Asset Management LLC lifted 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 during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of U.S. Bancorp by 3.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after buying an additional 280 shares during the last quarter. Finally, Perkins Capital Management Inc. lifted its position in shares of U.S. Bancorp by 2.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI upped their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Oppenheimer reduced their price target on shares of U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. The Goldman Sachs Group upped their price target on shares of U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, December 19th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $53.00 in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Hold” and an average target price of $47.41.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded down $0.36 on Tuesday, reaching $41.08. 6,176,702 shares of the company were exchanged, compared to its average volume of 8,658,102. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The firm has a market cap of $64.01 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a 50-day moving average of $42.32 and a 200-day moving average of $39.67.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.77%. U.S. Bancorp’s payout ratio is 59.76%.

Insider Activity at U.S. Bancorp

In related news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares in the company, valued at $4,313,616.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,265 shares of company stock valued at $2,535,903. Insiders own 0.23% of the company’s stock.

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.