U.S. Bancorp (NYSE:USB) Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC reduced its holdings in U.S. Bancorp (NYSE:USB) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,183 shares of the financial services provider’s stock after selling 845 shares during the quarter. Drive Wealth Management LLC’s holdings in U.S. Bancorp were worth $728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stablepoint Partners LLC increased its stake in U.S. Bancorp by 1.9% in the 4th quarter. Stablepoint Partners LLC now owns 30,407 shares of the financial services provider’s stock valued at $1,454,000 after buying an additional 565 shares during the period. Patton Albertson Miller Group LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $210,000. Grange Capital LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $689,000. AEGON ASSET MANAGEMENT UK Plc increased its position in U.S. Bancorp by 33.9% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 892,880 shares of the financial services provider’s stock worth $42,733,000 after buying an additional 226,117 shares during the period. Finally, CFS Investment Advisory Services LLC increased its position in U.S. Bancorp by 7.7% during the fourth quarter. CFS Investment Advisory Services LLC now owns 18,939 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 1,356 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on USB shares. Deutsche Bank Aktiengesellschaft lowered 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 research report on Thursday, October 24th. Wells Fargo & Company upped their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a research note on Thursday, October 17th. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research note on Monday, January 13th. Finally, Stephens raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and eleven 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 $54.21.

U.S. Bancorp Stock Up 1.2 %

Shares of NYSE USB opened at $49.00 on Monday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. 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 fifty day simple moving average of $49.99 and a two-hundred day simple moving average of $47.15. The firm has a market capitalization of $76.43 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share 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 analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. Equities analysts expect that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.08%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 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.