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

Litman Gregory Wealth Management LLC lowered its stake in U.S. Bancorp (NYSE:USB) by 11.9% during the fourth quarter, HoldingsChannel reports. The firm owned 25,038 shares of the financial services provider’s stock after selling 3,387 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of USB. Winch Advisory Services LLC raised its holdings in 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 in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of U.S. Bancorp by 70.8% during 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 in the last quarter. Frazier Financial Advisors LLC lifted its holdings in shares of U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after buying an additional 441 shares during the period. Global Trust Asset Management LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at $33,000. Finally, Albion Financial Group UT lifted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on USB shares. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a report on Thursday, October 17th. Oppenheimer lifted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. 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 report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Price Performance

USB opened at $47.84 on Friday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The company’s 50 day simple moving average is $49.71 and its 200 day simple moving average is $47.34. The stock has a market capitalization of $74.63 billion, a PE ratio of 12.62, a P/E/G ratio of 1.77 and a beta of 1.05. 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) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for 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%. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.18%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

About U.S. Bancorp

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.