SageView Advisory Group LLC Purchases 7,334 Shares of U.S. Bancorp (NYSE:USB)

SageView Advisory Group LLC raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,850 shares of the financial services provider's stock after acquiring an additional 7,334 shares during the quarter. SageView Advisory Group LLC's holdings in U.S. Bancorp were worth $2,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in USB. Morse Asset Management Inc acquired a new position in U.S. Bancorp during the third quarter valued at approximately $229,000. M&T Bank Corp raised its stake in U.S. Bancorp by 2.8% during the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock worth $38,704,000 after buying an additional 22,803 shares during the period. Wealthquest Corp bought a new position in U.S. Bancorp during the third quarter worth about $1,160,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of U.S. Bancorp in the third quarter worth about $229,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of U.S. Bancorp by 63.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 345,292 shares of the financial services provider's stock valued at $15,790,000 after purchasing an additional 134,229 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Oppenheimer upped their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Morgan Stanley cut their price target on U.S. Bancorp from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. 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. Finally, The Goldman Sachs Group decreased their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.52.

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U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.42 during trading on Tuesday, reaching $38.62. The company's stock had a trading volume of 11,700,982 shares, compared to its average volume of 9,011,680. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The firm has a market cap of $60.17 billion, a PE ratio of 10.19, a P/E/G ratio of 1.73 and a beta of 0.91. The business's 50-day moving average price is $43.10 and its 200-day moving average price is $46.93. 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 announced 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. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same period last year, the firm earned $0.99 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.50 per share. 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 dividend payout ratio is 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,114,246.32. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.