U.S. Bancorp (NYSE:USB) Stock Holdings Increased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,160 shares of the financial services provider's stock after buying an additional 13,396 shares during the period. Atria Wealth Solutions Inc.'s holdings in U.S. Bancorp were worth $3,323,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC grew its stake in shares of 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 acquiring an additional 490 shares in the last quarter. Frazier Financial Advisors LLC lifted 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 buying an additional 441 shares in the last quarter. 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. Stonebridge Financial Group LLC purchased a new stake in U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, Albion Financial Group UT raised its stake in U.S. Bancorp by 92.8% in the fourth quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Compass Point raised their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley reduced their price objective on U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a research note on Monday, January 13th. Finally, Truist Financial assumed coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.21.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew Cecere sold 102,044 shares of the firm's 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 sale, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,812 shares of company stock valued at $10,385,665. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Down 1.9 %

USB traded down $0.89 on Friday, hitting $45.88. 9,326,979 shares of the company were exchanged, compared to its average volume of 9,157,008. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a market cap of $71.57 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $47.61.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period in the prior year, the firm earned $0.99 EPS. The business's revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp's payout ratio is currently 52.77%.

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.