XML Financial LLC Has $2.79 Million Holdings in U.S. Bancorp $USB

XML Financial LLC lessened its stake in U.S. Bancorp (NYSE:USB) by 15.3% in the fourth quarter, Holdings Channel reports. The firm owned 52,199 shares of the financial services provider’s stock after selling 9,419 shares during the quarter. XML Financial LLC’s holdings in U.S. Bancorp were worth $2,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clayton Financial Group LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $25,000. Financial Life Planners acquired a new position in U.S. Bancorp in the third quarter valued at about $25,000. JPL Wealth Management LLC acquired a new position in U.S. Bancorp in the third quarter valued at about $28,000. Westfuller Advisors LLC raised its stake in U.S. Bancorp by 54.7% in the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares in the last quarter. Finally, Binnacle Investments Inc raised its stake in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 16th. Wall Street Zen downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada boosted their target price on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. Finally, Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $61.20.

U.S. Bancorp Stock Up 0.4%

Shares of NYSE USB opened at $55.70 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a market cap of $86.39 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a 12 month low of $42.55 and a 12 month high of $61.19. The stock has a 50-day moving average price of $54.71 and a two-hundred day moving average price of $54.16.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. As a group, analysts forecast that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s payout ratio is 43.61%.

Insider Activity

In other news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.