U.S. Bancorp (NYSE:USB) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,252 shares of the financial services provider’s stock after purchasing an additional 2,709 shares during the quarter. Private Advisor Group LLC’s holdings in U.S. Bancorp were worth $5,608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Perspectives Inc grew its position in U.S. Bancorp by 2.3% in the 4th quarter. Financial Perspectives Inc now owns 20,241 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 447 shares in the last quarter. Vista Capital Partners Inc. grew its position in U.S. Bancorp by 9.3% in the 4th quarter. Vista Capital Partners Inc. now owns 5,094 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 435 shares in the last quarter. Global Retirement Partners LLC grew its position in U.S. Bancorp by 4.4% in the 4th quarter. Global Retirement Partners LLC now owns 39,160 shares of the financial services provider’s stock valued at $1,873,000 after acquiring an additional 1,649 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in U.S. Bancorp in the 4th quarter valued at about $401,000. Finally, New York State Common Retirement Fund grew its position in U.S. Bancorp by 0.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,943,456 shares of the financial services provider’s stock valued at $92,956,000 after acquiring an additional 14,000 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Compass Point lifted their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Monday, January 13th. Evercore ISI lifted their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Trading Down 1.9 %

USB opened at $45.88 on Friday. The firm has a market cap of $71.57 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The business’s 50 day moving average is $48.19 and its two-hundred day moving average is $47.68. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last released its quarterly 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 company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.36%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 over the last quarter. Company insiders own 0.23% of the company’s stock.

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.