Resonant Capital Advisors LLC Has $2.59 Million Holdings in U.S. Bancorp (NYSE:USB)

Resonant Capital Advisors LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,657 shares of the financial services provider’s stock after selling 9,831 shares during the quarter. Resonant Capital Advisors LLC’s holdings in U.S. Bancorp were worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Catalina Capital Group LLC grew its stake in shares of U.S. Bancorp by 18.8% during the 4th quarter. Catalina Capital Group LLC now owns 5,535 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 874 shares during the period. Chicago Capital LLC raised its holdings in shares of U.S. Bancorp by 5.6% in the 4th quarter. Chicago Capital LLC now owns 10,435 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 553 shares in the last quarter. Stock Yards Bank & Trust Co. raised its holdings in shares of U.S. Bancorp by 2.0% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 46,481 shares of the financial services provider’s stock valued at $2,223,000 after buying an additional 904 shares in the last quarter. Western Pacific Wealth Management LP raised its holdings in shares of U.S. Bancorp by 37.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 7,007 shares of the financial services provider’s stock valued at $335,000 after buying an additional 1,907 shares in the last quarter. Finally, Greenleaf Trust grew its position in U.S. Bancorp by 2.8% during the 4th quarter. Greenleaf Trust now owns 32,836 shares of the financial services provider’s stock worth $1,571,000 after acquiring an additional 890 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $47.84 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The business has a 50-day moving average price of $49.71 and a 200 day moving average price of $47.39. The firm has a market cap of $74.63 billion, a PE ratio of 12.62, a P/E/G ratio of 1.77 and a beta of 1.04.

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 the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business earned $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. Sell-side analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed 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 (DPR) is currently 52.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on USB shares. Oppenheimer raised their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Thursday, December 19th. Wells Fargo & Company upped their price target on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday, October 24th. Finally, Truist Financial started coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

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.