Beacon Investment Advisors LLC Takes $203,000 Position in U.S. Bancorp (NYSE:USB)

Beacon Investment Advisors LLC acquired a new position in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,250 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock valued at $6,640,569,000 after acquiring an additional 1,079,056 shares during the last quarter. FMR LLC boosted its stake in shares of U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider’s stock valued at $3,210,624,000 after purchasing an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider’s stock worth $2,381,443,000 after buying an additional 2,460,845 shares during the period. Geode Capital Management LLC raised its stake in shares of U.S. Bancorp by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider’s stock worth $1,618,948,000 after buying an additional 850,763 shares during the last quarter. Finally, Amundi raised its stake in shares of U.S. Bancorp by 7.4% during the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider’s stock worth $945,268,000 after buying an additional 1,341,407 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on USB shares. Oppenheimer lifted their target price 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. Citigroup decreased their price objective on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Truist Financial cut their target price on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley decreased their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $50.66.

U.S. Bancorp Trading Up 1.0 %

NYSE USB opened at $38.21 on Monday. The stock’s 50 day moving average price is $42.55 and its two-hundred day moving average price is $46.81. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $59.53 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business earned $0.78 EPS. As a group, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 5.23%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now directly owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

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.