Secured Retirement Advisors LLC Makes New $1.20 Million Investment in U.S. Bancorp (NYSE:USB)

Secured Retirement Advisors LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,053 shares of the financial services provider's stock, valued at approximately $1,198,000.

A number of other large investors have also bought and sold shares of USB. Winch Advisory Services LLC boosted its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after purchasing an additional 490 shares during the period. Frazier Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 441 shares in the last quarter. Global Wealth Strategies & Associates grew its position in shares of U.S. Bancorp by 70.8% in the 4th 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 during the period. Stonebridge Financial Group LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth about $30,000. Finally, Albion Financial Group UT increased its position in U.S. Bancorp by 92.8% during the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock valued at $33,000 after buying an additional 335 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on USB. Compass Point lifted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Piper Sandler upgraded shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price for the company in a research note on Monday, January 13th. Citigroup upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and boosted their price target for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price for the company. in a research report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Stock Down 1.7 %

NYSE:USB traded down $0.84 during midday trading on Wednesday, reaching $47.10. 10,999,170 shares of the stock traded hands, compared to its average volume of 9,221,942. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $73.48 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The business has a 50-day moving average of $48.47 and a two-hundred day moving average of $47.62.

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

U.S. Bancorp Dividend Announcement

The company 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 4.25%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's payout ratio is 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction 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. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company's stock.

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.