Oppenheimer Asset Management Inc. Has $10.20 Million Holdings in U.S. Bancorp (NYSE:USB)

Oppenheimer Asset Management Inc. lifted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,182 shares of the financial services provider's stock after acquiring an additional 20,860 shares during the period. Oppenheimer Asset Management Inc.'s holdings in U.S. Bancorp were worth $10,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC lifted its stake in shares of 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 worth $26,000 after buying an additional 490 shares during the last quarter. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp in the 4th quarter worth $28,000. Frazier Financial Advisors LLC boosted its holdings in U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 441 shares during the period. Global Wealth Strategies & Associates grew 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 valued at $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

USB stock traded down $0.69 during midday trading on Monday, reaching $46.21. 9,673,411 shares of the company's stock traded hands, compared to its average volume of 9,176,109. The company has a 50-day simple moving average of $47.91 and a two-hundred day simple moving average of $47.87. 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 has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a market cap of $72.08 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share 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 analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. On average, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.33%. U.S. Bancorp's dividend payout ratio (DPR) is currently 52.77%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on USB. Wells Fargo & Company raised their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Morgan Stanley dropped their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Raymond James raised shares of U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a report on Thursday, December 19th. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Truist Financial initiated coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.21.

Insider Activity at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 over the last quarter. Corporate insiders own 0.23% of the company's stock.

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.