Realta Investment Advisors lessened its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,836 shares of the financial services provider’s stock after selling 1,618 shares during the quarter. Realta Investment Advisors’ holdings in U.S. Bancorp were worth $296,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. CGC Financial Services LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at about $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $26,000. Planned Solutions Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp in the third quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. purchased a new stake in U.S. Bancorp in the 3rd quarter worth approximately $35,000. 77.60% of the stock is owned by hedge funds and other institutional investors.
U.S. Bancorp Price Performance
USB stock opened at $44.70 on Monday. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $69.65 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.31 and a beta of 1.04. The business has a 50 day simple moving average of $42.13 and a 200-day simple moving average of $38.95.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that U.S. Bancorp will post 3.88 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.38%. U.S. Bancorp’s payout ratio is 59.76%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on USB. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $47.00 to $53.00 in a research note on Thursday. Wells Fargo & Company increased their target price on shares of U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, Odeon Capital Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price target on the stock in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.41.
View Our Latest Analysis on USB
Insiders Place Their Bets
In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock valued at $2,535,903 over the last quarter. 0.23% of the stock is owned by insiders.
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.
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Source: defenseworld.net
