Venturi Wealth Management LLC Purchases 5,983 Shares of U.S. Bancorp (NYSE:USB)

Venturi Wealth Management LLC lifted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 310.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,911 shares of the financial services provider's stock after purchasing an additional 5,983 shares during the period. Venturi Wealth Management LLC's holdings in U.S. Bancorp were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AMF Tjanstepension AB increased its position in shares of U.S. Bancorp by 16.9% in the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider's stock valued at $24,401,000 after buying an additional 76,914 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of U.S. Bancorp by 14.0% in the third quarter. Foundations Investment Advisors LLC now owns 12,386 shares of the financial services provider's stock valued at $566,000 after buying an additional 1,519 shares during the period. Signaturefd LLC raised its holdings in shares of U.S. Bancorp by 9.0% during the third quarter. Signaturefd LLC now owns 22,099 shares of the financial services provider's stock worth $1,011,000 after acquiring an additional 1,829 shares during the period. Private Advisor Group LLC lifted its position in U.S. Bancorp by 3.4% in the 3rd quarter. Private Advisor Group LLC now owns 114,543 shares of the financial services provider's stock valued at $5,238,000 after acquiring an additional 3,737 shares in the last quarter. Finally, McAdam LLC lifted its holdings in shares of U.S. Bancorp by 2.5% in the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock valued at $389,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of USB traded down $0.89 during mid-day trading on Friday, reaching $45.88. The company had a trading volume of 9,326,979 shares, compared to its average volume of 9,157,008. The company's 50 day simple moving average is $48.29 and its 200 day simple moving average is $47.61. The company has a market capitalization of $71.57 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.75 and a beta of 1.04. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion during 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 for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. Analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

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 that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, 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 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. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on USB. DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price target for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Oppenheimer increased their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Piper Sandler upgraded shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price on the stock in a report on Monday, January 13th. Truist Financial assumed 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 for the company. Finally, Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price on the stock. in a report on Thursday, October 24th. Ten 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 currently has an average rating of "Moderate Buy" and an average target price of $54.21.

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.