OneAscent Financial Services LLC Takes $498,000 Position in U.S. Bancorp (NYSE:USB)

OneAscent Financial Services LLC purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,403 shares of the financial services provider's stock, valued at approximately $498,000.

Several other institutional investors have also added to or reduced their stakes in USB. Cinctive Capital Management LP purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $4,102,000. Huntington National Bank raised its holdings in shares of U.S. Bancorp by 45.0% in the fourth quarter. Huntington National Bank now owns 777,918 shares of the financial services provider's stock worth $37,208,000 after buying an additional 241,278 shares during the last quarter. Potomac Fund Management Inc. ADV acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $1,234,000. Geode Capital Management LLC grew its holdings in shares of U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock valued at $1,618,948,000 after buying an additional 850,763 shares during the last quarter. Finally, StoneX Group Inc. increased its position in shares of U.S. Bancorp by 20.5% in the 4th quarter. StoneX Group Inc. now owns 73,056 shares of the financial services provider's stock valued at $3,531,000 after acquiring an additional 12,416 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling

In other news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

NYSE USB traded up $2.93 on Wednesday, hitting $39.33. The company had a trading volume of 22,909,284 shares, compared to its average volume of 8,881,609. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The company's fifty day moving average price is $43.85 and its 200-day moving average price is $47.13. The company has a market capitalization of $61.28 billion, a PE ratio of 10.38, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 14.75% and a return on equity of 12.94%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 earnings per share. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their target price on U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price target for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Barclays upped their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.52.

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.