VSM Wealth Advisory LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

VSM Wealth Advisory LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,617 shares of the financial services provider’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of U.S. Bancorp in the fourth quarter worth $282,000. Xponance Inc. increased its stake in U.S. Bancorp by 0.5% in the 4th quarter. Xponance Inc. now owns 219,141 shares of the financial services provider’s stock worth $10,482,000 after acquiring an additional 1,062 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $5,119,000. Horizon Investments LLC boosted its position in shares of U.S. Bancorp by 2.1% during the 4th quarter. Horizon Investments LLC now owns 28,961 shares of the financial services provider’s stock valued at $1,385,000 after acquiring an additional 604 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of U.S. Bancorp by 0.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 533,065 shares of the financial services provider’s stock worth $25,496,000 after purchasing an additional 1,853 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USB has been the topic of a number of recent analyst reports. Truist Financial started coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Monday, January 13th. 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. Finally, Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $53.93.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction that occurred on 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 sale, the insider now directly owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

USB stock opened at $42.64 on Thursday. The stock has a market capitalization of $66.44 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.73 and a beta of 1.02. The firm’s 50-day moving average price is $46.52 and its two-hundred day moving average price is $47.69. The company has a current ratio of 0.81, a quick ratio of 0.80 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.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the previous year, the business earned $0.99 EPS. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.69%. The ex-dividend date is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 52.77%.

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.