25,053 Shares in U.S. Bancorp (NYSE:USB) Bought by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC purchased a new position in U.S. Bancorp (NYSE:USB) in the fourth quarter, HoldingsChannel reports. The fund purchased 25,053 shares of the financial services provider’s stock, valued at approximately $1,198,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Financial Concepts LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $971,000. Allworth Financial LP increased its stake in shares of U.S. Bancorp by 36.8% in the fourth quarter. Allworth Financial LP now owns 78,621 shares of the financial services provider’s stock worth $3,823,000 after buying an additional 21,148 shares during the last quarter. Principal Securities Inc. increased its stake in shares of U.S. Bancorp by 9.0% in the fourth quarter. Principal Securities Inc. now owns 61,719 shares of the financial services provider’s stock worth $2,952,000 after buying an additional 5,100 shares during the last quarter. Bull Street Advisors LLC increased its stake in U.S. Bancorp by 0.9% during the fourth quarter. Bull Street Advisors LLC now owns 30,702 shares of the financial services provider’s stock valued at $1,468,000 after purchasing an additional 280 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in U.S. Bancorp by 5.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 28,758 shares of the financial services provider’s stock valued at $1,376,000 after purchasing an additional 1,565 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

USB stock opened at $47.73 on Friday. The company has a market capitalization of $74.46 billion, a P/E ratio of 12.59, a PEG ratio of 1.77 and a beta of 1.04. The company has a 50-day simple moving average of $48.61 and a 200 day simple moving average of $47.52. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. 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 (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. Truist Financial initiated coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price for the company. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Barclays boosted their target price 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. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. 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.