U.S. Bancorp (NYSE:USB) Shares Purchased by LifePlan Financial LLC

LifePlan Financial LLC raised its stake in shares of U.S. Bancorp (NYSE:USB) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,700 shares of the financial services provider’s stock after buying an additional 5,328 shares during the quarter. U.S. Bancorp comprises about 1.3% of LifePlan Financial LLC’s investment portfolio, making the stock its 22nd biggest position. LifePlan Financial LLC’s holdings in U.S. Bancorp were worth $1,468,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of U.S. Bancorp by 3.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 45,630 shares of the financial services provider’s stock worth $2,182,000 after acquiring an additional 1,673 shares during the period. Ballentine Partners LLC raised its stake in U.S. Bancorp by 8.3% during the fourth quarter. Ballentine Partners LLC now owns 21,642 shares of the financial services provider’s stock worth $1,035,000 after purchasing an additional 1,666 shares during the period. Culbertson A N & Co. Inc. boosted its holdings in shares of U.S. Bancorp by 1.9% in the 4th quarter. Culbertson A N & Co. Inc. now owns 99,505 shares of the financial services provider’s stock valued at $4,759,000 after purchasing an additional 1,850 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in shares of U.S. Bancorp by 8.0% during the 4th quarter. Pure Financial Advisors LLC now owns 6,988 shares of the financial services provider’s stock worth $334,000 after buying an additional 519 shares during the last quarter. Finally, Priebe Wealth Holdings LLC grew its position in U.S. Bancorp by 4.4% during the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 215 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

NYSE USB opened at $48.40 on Tuesday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The stock’s 50-day moving average price is $50.13 and its two-hundred day moving average price is $46.94. The company has a market cap of $75.50 billion, a PE ratio of 12.77, a PEG ratio of 1.80 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. On average, analysts predict that U.S. Bancorp will post 4.35 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on USB shares. 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 report on Thursday, January 2nd. Morgan Stanley cut their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday. Evercore ISI boosted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a research note on Thursday, October 24th. Finally, Truist Financial began coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price target for the company. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $54.21.

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.