Wayfinding Financial LLC Invests $234,000 in U.S. Bancorp (NYSE:USB)

Wayfinding Financial LLC bought a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,901 shares of the financial services provider’s stock, valued at approximately $234,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $509,000. HUB Investment Partners LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth about $234,000. Symmetry Partners LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $239,000. Teacher Retirement System of Texas lifted its holdings in shares of U.S. Bancorp by 59.1% during the 4th 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 during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of U.S. Bancorp during the 4th quarter worth about $420,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USB. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Bank of America dropped their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, March 17th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Piper Sandler raised 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. Finally, Truist Financial started coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

Insider Activity

In other news, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now 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 link. Also, EVP James L. Chosy sold 21,451 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $42.77 on Friday. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $66.63 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The business has a 50 day simple moving average of $46.31 and a 200-day simple moving average of $47.63.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

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.