HB Wealth Management LLC Acquires 9,526 Shares of U.S. Bancorp (NYSE:USB)

HB Wealth Management LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,036 shares of the financial services provider's stock after purchasing an additional 9,526 shares during the quarter. HB Wealth Management LLC's holdings in U.S. Bancorp were worth $9,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its position 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 buying an additional 490 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 250 shares during the period. Frazier Financial Advisors LLC grew its holdings 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 purchasing an additional 441 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth $38,000. Finally, First Financial Corp IN bought a new stake in U.S. Bancorp during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on USB shares. Raymond James upgraded shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research report on Thursday, December 19th. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a report on Thursday, October 17th. Stephens increased their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. 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 note on Monday, January 13th. Finally, Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.21.

U.S. Bancorp Price Performance

NYSE:USB traded up $0.37 during trading hours on Friday, reaching $48.40. The stock had a trading volume of 14,819,489 shares, compared to its average volume of 5,864,763. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $75.50 billion, a PE ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a 50 day moving average price of $50.18 and a two-hundred day moving average price of $46.83.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results 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. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. U.S. Bancorp's revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.91 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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

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.