Freestone Capital Holdings LLC Has $309,000 Position in U.S. Bancorp (NYSE:USB)

Freestone Capital Holdings LLC increased its holdings in U.S. Bancorp (NYSE:USB) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,463 shares of the financial services provider’s stock after purchasing an additional 726 shares during the period. Freestone Capital Holdings LLC’s holdings in U.S. Bancorp were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its position in shares of U.S. Bancorp by 6.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 77,023 shares of the financial services provider’s stock worth $3,522,000 after buying an additional 4,356 shares during the period. Catalina Capital Group LLC acquired a new position in U.S. Bancorp during the third quarter worth $213,000. Principal Financial Group Inc. lifted its holdings in shares of U.S. Bancorp by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,763,816 shares of the financial services provider’s stock valued at $80,659,000 after acquiring an additional 75,104 shares during the period. Western Pacific Wealth Management LP boosted its stake in shares of U.S. Bancorp by 45.7% in the 3rd quarter. Western Pacific Wealth Management LP now owns 5,100 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Portside Wealth Group LLC grew its holdings in shares of U.S. Bancorp by 7.1% in the 3rd quarter. Portside Wealth Group LLC now owns 40,718 shares of the financial services provider’s stock worth $1,862,000 after purchasing an additional 2,696 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 in the last 90 days. 0.23% of the stock is owned by insiders.

U.S. Bancorp Price Performance

USB opened at $44.77 on Friday. The company has a fifty day moving average price of $47.54 and a two-hundred day moving average price of $47.87. The firm has a market capitalization of $69.84 billion, a PE ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 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 business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USB. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Barclays lifted their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Truist Financial assumed coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price target on the stock. Compass Point lifted their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, 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, January 13th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.