Brueske Advisory Services LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Brueske Advisory Services LLC bought a new position in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,324 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its position in U.S. Bancorp by 17.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,858 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 277 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in U.S. Bancorp during the 4th quarter worth $111,274,000. Proficio Capital Partners LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $5,986,000. Oppenheimer & Co. Inc. lifted its position in U.S. Bancorp by 3.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 129,875 shares of the financial services provider’s stock worth $6,212,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in U.S. Bancorp by 10.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 213,182 shares of the financial services provider’s stock worth $10,196,000 after acquiring an additional 20,860 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on 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 directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. The trade was a 9.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi L. Richard sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares in the company, valued at $4,749,006.10. This represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 over the last ninety days. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.5 %

Shares of NYSE USB opened at $45.67 on Thursday. The company’s fifty day moving average is $47.96 and its 200-day moving average is $47.77. The stock has a market cap of $71.24 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a twelve month low of $37.81 and a twelve month 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 announced 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 net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.38%. U.S. Bancorp’s payout ratio is 52.77%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on USB shares. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Morgan Stanley dropped their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Truist Financial started coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective on the stock. Finally, Compass Point boosted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp 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.