U.S. Bancorp (NYSE:USB) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 698,178 shares of the financial services provider's stock after purchasing an additional 25,881 shares during the quarter. Commonwealth Equity Services LLC's holdings in U.S. Bancorp were worth $33,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Winch Advisory Services LLC raised its holdings in U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $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 during the fourth quarter valued at approximately $26,000. FPC Investment Advisory Inc. purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth $28,000. Frazier Financial Advisors LLC raised its stake in shares of U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after buying an additional 441 shares during the period. Finally, Global Wealth Strategies & Associates boosted its position in shares of U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have recently weighed in on USB shares. Barclays upped their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Piper Sandler raised U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price on the stock in a research report on Monday, January 13th. Bank of America dropped their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and raised their price target for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Oppenheimer upped their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $53.93.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 30,000 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James L. Chosy sold 21,451 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares of the company's stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 in the last 90 days. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

USB traded up $0.36 during trading on Wednesday, reaching $42.64. 11,715,727 shares of the company's stock were exchanged, compared to its average volume of 7,816,117. The stock has a market capitalization of $66.44 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company's fifty day simple moving average is $46.63 and its 200-day simple moving average is $47.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its 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 firm 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%. U.S. Bancorp's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. As a group, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 52.77%.

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.