RDA Financial Network Has $495,000 Stake in U.S. Bancorp (NYSE:USB)

RDA Financial Network lowered its stake in U.S. Bancorp (NYSE:USB) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,352 shares of the financial services provider’s stock after selling 514 shares during the quarter. RDA Financial Network’s holdings in U.S. Bancorp were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of USB. FMR LLC increased its stake in shares of U.S. Bancorp by 32.7% in the 3rd quarter. FMR LLC now owns 63,913,931 shares of the financial services provider’s stock valued at $2,922,784,000 after buying an additional 15,746,852 shares during the period. Franklin Resources Inc. increased its position in U.S. Bancorp by 153.0% in the third quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider’s stock worth $374,573,000 after purchasing an additional 4,807,662 shares during the period. Los Angeles Capital Management LLC raised its holdings in U.S. Bancorp by 723.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 3,211,555 shares of the financial services provider’s stock worth $146,864,000 after purchasing an additional 2,821,642 shares during the last quarter. Marshall Wace LLP lifted its position in U.S. Bancorp by 1,438.4% during the 2nd quarter. Marshall Wace LLP now owns 2,263,296 shares of the financial services provider’s stock valued at $89,853,000 after purchasing an additional 2,116,175 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of U.S. Bancorp by 109.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,531,400 shares of the financial services provider’s stock valued at $161,491,000 after purchasing an additional 1,847,000 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $48.07 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $74.98 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The stock’s 50-day moving average is $50.25 and its 200-day moving average is $46.71.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results 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. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Equities analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.16%. U.S. Bancorp’s payout ratio is currently 61.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on USB. Barclays boosted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Evercore ISI increased their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Monday. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Finally, Oppenheimer decreased their target price on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average target price of $54.07.

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.