U.S. Bancorp (NYSE:USB) Stake Boosted by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,403 shares of the financial services provider’s stock after purchasing an additional 978 shares during the period. Williams Jones Wealth Management LLC.’s holdings in U.S. Bancorp were worth $2,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new position in U.S. Bancorp in the fourth quarter worth about $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $30,000. Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the 4th quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC bought a new position in U.S. Bancorp during the 4th quarter worth $31,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. DA Davidson decreased their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Citigroup dropped their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Bank of America reduced their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, Truist Financial lowered their target price on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.89.

U.S. Bancorp Trading Down 0.9%

U.S. Bancorp stock opened at $44.40 on Wednesday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company’s fifty day moving average price is $40.92 and its two-hundred day moving average price is $45.95. The company has a market capitalization of $69.18 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

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

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.

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.