Koshinski Asset Management Inc. Acquires 1,599 Shares of U.S. Bancorp $USB

Koshinski Asset Management Inc. lifted its holdings in U.S. Bancorp (NYSE:USB) by 12.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,019 shares of the financial services provider’s stock after purchasing an additional 1,599 shares during the period. Koshinski Asset Management Inc.’s holdings in U.S. Bancorp were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Saudi Central Bank bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $26,000. Westend Capital Management LLC bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $27,000. YANKCOM Partnership raised its stake in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 260 shares during the period. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC raised its stake in U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 420 shares during the period. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the stock a “neutral” rating in a research note on Friday. Truist Financial lifted their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Friday. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Raymond James Financial upgraded shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Finally, Oppenheimer reduced their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average target price of $54.48.

U.S. Bancorp Trading Up 0.0%

Shares of USB opened at $45.66 on Monday. The company’s fifty day moving average is $47.93 and its 200 day moving average is $44.86. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The stock has a market capitalization of $71.06 billion, a PE ratio of 10.45, a P/E/G ratio of 1.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. U.S. Bancorp’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.52 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.60%.

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.