15,314 Shares in U.S. Bancorp $USB Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC bought a new stake in U.S. Bancorp (NYSE:USBFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 15,314 shares of the financial services provider’s stock, valued at approximately $817,000.

A number of other hedge funds have also recently made changes to their positions in the company. Guerra Advisors Inc bought a new stake in shares of U.S. Bancorp during the third quarter worth about $25,000. Financial Life Planners bought a new position in U.S. Bancorp in the 3rd quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in U.S. Bancorp during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new stake in U.S. Bancorp during the 3rd quarter worth approximately $28,000. Finally, Binnacle Investments Inc grew its holdings in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 273 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Down 1.4%

Shares of NYSE USB opened at $50.89 on Friday. The company has a market capitalization of $78.99 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50 day moving average price is $55.19 and its 200-day moving average price is $51.79.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the company posted $1.07 earnings per share. U.S. Bancorp’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

U.S. Bancorp News Roundup

Here are the key news stories impacting U.S. Bancorp this week:

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Truist Financial upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $61.00 to $66.00 in a research report on Thursday, February 26th. TD Cowen boosted their price objective on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Oppenheimer decreased their price objective on U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating for the company in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Finally, Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.52.

Get Our Latest Research Report on USB

U.S. Bancorp Profile

(Free Report)

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

Featured Stories

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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