Wealthspire Advisors LLC Buys 760 Shares of U.S. Bancorp (NYSE:USB)

Wealthspire Advisors LLC increased its position in U.S. Bancorp (NYSE:USB) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,207 shares of the financial services provider’s stock after purchasing an additional 760 shares during the quarter. Wealthspire Advisors LLC’s holdings in U.S. Bancorp were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC increased its holdings in U.S. Bancorp by 1.4% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 265 shares in the last quarter. Wealth Alliance grew its stake in shares of U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 266 shares during the period. Perkins Capital Management Inc. boosted its stake in U.S. Bancorp by 2.0% in the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 300 shares during the period. Mechanics Financial Corp boosted its stake in U.S. Bancorp by 4.9% in the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 300 shares during the period. Finally, Cigna Investments Inc. New boosted its stake in U.S. Bancorp by 1.9% in the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 308 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

USB traded up $0.13 during trading on Friday, reaching $41.67. The company’s stock had a trading volume of 192,653 shares, compared to its average volume of 8,435,255. The firm has a fifty day simple moving average of $42.36 and a two-hundred day simple moving average of $40.64. The company has a market cap of $65.02 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.16 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 1 year low of $28.53 and a 1 year high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.70%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on USB. Evercore ISI raised their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. DA Davidson reduced their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays reduced their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Piper Sandler restated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Finally, Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.02.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently 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.