5,306 Shares in U.S. Bancorp (NYSE:USB) Acquired by PFG Advisors

PFG Advisors acquired a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, Holdings Channel.com reports. The fund acquired 5,306 shares of the financial services provider’s stock, valued at approximately $254,000.

Several other institutional investors have also recently modified their holdings of the stock. Natural Investments LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $804,000. Fairway Wealth LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $67,000. Founders Financial Alliance LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $177,000. Citizens Financial Group Inc. RI raised its holdings in U.S. Bancorp by 115.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 57,795 shares of the financial services provider’s stock valued at $2,764,000 after acquiring an additional 31,019 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in U.S. Bancorp in the 4th quarter valued at $202,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on USB. 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 report on Monday, January 13th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $65.00 in a report on Monday, November 25th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $42.06 on Friday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market capitalization of $65.53 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.73 and a beta of 1.02. The company’s fifty day moving average price is $46.90 and its two-hundred day moving average price is $47.78.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.75%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the sale, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last quarter. 0.23% of the stock is owned by corporate insiders.

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.