West Financial Advisors LLC Buys Shares of 4,329 U.S. Bancorp (NYSE:USB)

West Financial Advisors LLC purchased a new position in U.S. Bancorp (NYSE:USB) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,329 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Citizens Financial Group Inc. RI raised its stake in shares of U.S. Bancorp by 251.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 20,485 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 14,652 shares in the last quarter. Renaissance Technologies LLC acquired a new position in U.S. Bancorp in the second quarter worth approximately $9,198,000. Edgestream Partners L.P. bought a new position in U.S. Bancorp during the second quarter valued at approximately $2,495,000. Mercer Global Advisors Inc. ADV lifted its stake in U.S. Bancorp by 4.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock valued at $7,757,000 after acquiring an additional 7,481 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in U.S. Bancorp by 6.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 234,050 shares of the financial services provider’s stock valued at $9,292,000 after acquiring an additional 14,293 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now owns 129,790 shares in the company, valued at approximately $6,363,603.70. This trade represents a 16.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 3.8 %

U.S. Bancorp stock opened at $50.92 on Thursday. The stock has a market cap of $79.44 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The business has a 50 day moving average price of $50.25 and a two-hundred day moving average price of $46.68.

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 analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities analysts forecast that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared 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. This represents a $2.00 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on USB shares. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $49.00 to $65.00 in a report on Monday, November 25th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a report on Monday. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research note on Thursday, October 17th. Oppenheimer cut their price objective on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company 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.