Petros Family Wealth LLC Acquires Shares of 8,197 U.S. Bancorp (NYSE:USB)

Petros Family Wealth LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,197 shares of the financial services provider's stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC increased its stake in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 490 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $26,000. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp during the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates lifted its holdings in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.42 during trading hours on Tuesday, reaching $38.62. The company had a trading volume of 11,700,982 shares, compared to its average volume of 9,011,678. The firm has a market cap of $60.17 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The business has a fifty day moving average price of $43.28 and a 200-day moving average price of $46.98. U.S. Bancorp has a one year low of $35.18 and a one year 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.

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U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 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%. U.S. Bancorp's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 5.18%. U.S. Bancorp's payout ratio is presently 52.77%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the sale, the executive vice president now directly owns 198,127 shares of the company's stock, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company's 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 transaction, the insider now directly owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

USB has been the topic of several recent research reports. Morgan Stanley reduced their price target on U.S. Bancorp from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Truist Financial dropped their price target on shares of U.S. Bancorp from $54.00 to $51.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Barclays boosted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Citigroup decreased their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $52.52.

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.