LPL Financial LLC Boosts Holdings in U.S. Bancorp (NYSE:USB)

LPL Financial LLC boosted its position in U.S. Bancorp (NYSE:USB - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,431,993 shares of the financial services provider's stock after acquiring an additional 252,268 shares during the period. LPL Financial LLC owned 0.16% of U.S. Bancorp worth $116,322,000 as of its most recent SEC filing.

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

Insider Buying and Selling at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares of the company's stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company's stock.

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U.S. Bancorp Stock Down 0.5 %

Shares of NYSE:USB traded down $0.21 during trading on Thursday, hitting $43.57. The stock had a trading volume of 2,379,969 shares, compared to its average volume of 10,697,556. The company has a market capitalization of $67.87 billion, a PE ratio of 11.49, a PEG ratio of 1.73 and a beta of 1.02. The firm's fifty day moving average is $45.96 and its 200 day moving average is $47.60. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp's payout ratio is 52.77%.

Wall Street Analyst Weigh In

USB has been the topic of several research analyst reports. Citigroup decreased their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Monday. Piper Sandler upgraded 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. Truist Financial started coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price objective on the stock. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group reduced their target price on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $53.48.

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.