TD Private Client Wealth LLC Has $9.47 Million Stake in U.S. Bancorp (NYSE:USB)

TD Private Client Wealth LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,051 shares of the financial services provider’s stock after selling 2,606 shares during the quarter. TD Private Client Wealth LLC’s holdings in U.S. Bancorp were worth $9,473,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Kiker Wealth Management LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $509,000. HUB Investment Partners LLC bought a new stake in U.S. Bancorp during the fourth quarter worth $234,000. Symmetry Partners LLC bought a new stake in U.S. Bancorp during the fourth quarter worth $239,000. Teacher Retirement System of Texas raised its position in U.S. Bancorp by 59.1% during the fourth quarter. Teacher Retirement System of Texas now owns 321,744 shares of the financial services provider’s stock worth $15,389,000 after acquiring an additional 119,511 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in U.S. Bancorp during the fourth quarter worth $420,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In other news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were 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. The trade was a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.2 %

Shares of U.S. Bancorp stock opened at $42.58 on Friday. The company has a market capitalization of $66.34 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.73 and a beta of 1.02. 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 12-month low of $37.81 and a 12-month high of $53.98. The firm’s 50-day moving average price is $46.40 and its two-hundred day moving average price is $47.66.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $7.01 billion for 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 business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.70%. U.S. Bancorp’s payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on USB. Oppenheimer upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research report on Monday, January 13th. Compass Point upped their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Finally, Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.93.

About U.S. Bancorp

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.