Kiker Wealth Management LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Kiker Wealth Management LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 10,643 shares of the financial services provider’s stock, valued at approximately $509,000.

A number of other institutional investors have also added to or reduced their stakes in USB. Empowered Funds LLC boosted its position in shares of U.S. Bancorp by 9.4% in the third quarter. Empowered Funds LLC now owns 27,618 shares of the financial services provider’s stock valued at $1,263,000 after acquiring an additional 2,375 shares during the period. Pathstone Holdings LLC grew its position in shares of U.S. Bancorp by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 296,594 shares of the financial services provider’s stock valued at $13,573,000 after purchasing an additional 2,300 shares in the last quarter. Commerce Bank grew its position in shares of U.S. Bancorp by 10.5% during the 3rd quarter. Commerce Bank now owns 442,625 shares of the financial services provider’s stock valued at $20,241,000 after purchasing an additional 42,197 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of U.S. Bancorp by 30.7% in the third quarter. Citizens Financial Group Inc. RI now owns 26,776 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 6,291 shares during the period. Finally, Cornerstone Advisors LLC boosted its stake in U.S. Bancorp by 1.2% during the third quarter. Cornerstone Advisors LLC now owns 83,100 shares of the financial services provider’s stock valued at $3,800,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the transaction, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock worth $10,385,665 over the last three months. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 0.2 %

NYSE USB opened at $42.58 on Friday. The business’s 50-day moving average is $46.40 and its 200 day moving average is $47.66. The stock has a market capitalization of $66.34 billion, a PE ratio of 11.24, a PEG ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company earned $0.99 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s payout ratio is 52.77%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on USB shares. Barclays upped 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. The Goldman Sachs Group dropped their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday. Bank of America decreased their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday. Truist Financial started coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Finally, Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $53.93.

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.