Strategic Financial Concepts LLC Acquires New Holdings in U.S. Bancorp (NYSE:USB)

Strategic Financial Concepts LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,304 shares of the financial services provider's stock, valued at approximately $971,000.

Other large investors also recently made changes to their positions in the company. Natixis Advisors LLC boosted its position in shares of U.S. Bancorp by 16.6% during the 3rd quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider's stock valued at $18,348,000 after purchasing an additional 56,990 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $1,018,000. M&T Bank Corp lifted its stake in U.S. Bancorp by 2.8% during the third quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after buying an additional 22,803 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in U.S. Bancorp by 184.3% during the third quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider's stock valued at $3,214,000 after buying an additional 45,560 shares in the last quarter. Finally, Keystone Financial Planning Inc. lifted its stake in U.S. Bancorp by 29.5% during the fourth quarter. Keystone Financial Planning Inc. now owns 72,614 shares of the financial services provider's stock valued at $3,473,000 after buying an additional 16,552 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE USB traded up $0.34 during midday trading on Friday, reaching $47.73. 5,398,695 shares of the company traded hands, compared to its average volume of 10,225,730. The firm has a market cap of $74.46 billion, a PE ratio of 12.59, a PEG ratio of 1.77 and a beta of 1.04. The stock's 50-day simple moving average is $48.61 and its 200-day simple moving average is $47.52. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The company 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%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. U.S. Bancorp's dividend payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research report on Thursday, December 19th. Oppenheimer increased their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. 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 objective on the stock. Finally, Evercore ISI increased their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.21.

Insider Activity at U.S. Bancorp

In related news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction dated Thursday, February 6th. The stock was 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 of the company's stock, valued at $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last ninety days. 0.23% of the stock is owned by insiders.

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.