Brady Martz Wealth Solutions LLC Acquires New Stake in U.S. Bancorp (NYSE:USB)

Brady Martz Wealth Solutions LLC bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,386 shares of the financial services provider's stock, valued at approximately $1,344,000.

Several other hedge funds also recently bought and sold shares of USB. Brooklyn Investment Group grew its stake in U.S. Bancorp by 4.4% in the 3rd quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock worth $219,000 after acquiring an additional 201 shares during the period. McAdam LLC grew its holdings in U.S. Bancorp by 2.5% in the 3rd quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock valued at $389,000 after buying an additional 209 shares during the period. HCR Wealth Advisors increased its stake in shares of U.S. Bancorp by 1.1% during the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after acquiring an additional 211 shares during the last quarter. Essex Savings Bank lifted its holdings in shares of U.S. Bancorp by 1.8% during the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock worth $591,000 after acquiring an additional 216 shares during the period. Finally, First Financial Bank Trust Division boosted its position in shares of U.S. Bancorp by 0.7% in the fourth quarter. First Financial Bank Trust Division now owns 31,037 shares of the financial services provider's stock worth $1,485,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on USB. Morgan Stanley cut their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Friday. Oppenheimer raised their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday. Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 target price for the company in a report on Thursday, December 19th. Piper Sandler raised shares of 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. Finally, Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.37 during trading hours on Monday, reaching $48.40. The stock had a trading volume of 14,819,489 shares, compared to its average volume of 5,864,763. The firm has a market capitalization of $75.50 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The firm has a 50-day simple moving average of $50.18 and a 200-day simple moving average of $46.88. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating 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 net margin of 12.92% and a return on equity of 12.91%. U.S. Bancorp's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. As a group, equities analysts forecast that U.S. Bancorp will post 3.91 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's payout ratio is currently 61.16%.

U.S. Bancorp 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.