ARQ Wealth Advisors LLC Acquires 86,059 Shares of U.S. Bancorp $USB

ARQ Wealth Advisors LLC grew its holdings in shares of U.S. Bancorp (NYSE:USBFree Report) by 633.5% during the first quarter, Holdings Channel reports. The firm owned 99,644 shares of the financial services provider’s stock after purchasing an additional 86,059 shares during the period. ARQ Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $5,183,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of USB. Brighton Jones LLC lifted its position in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 36,863 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of U.S. Bancorp by 2.1% during the 1st quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock valued at $1,453,000 after acquiring an additional 714 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of U.S. Bancorp by 18.9% during the 1st quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock valued at $1,658,000 after acquiring an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of U.S. Bancorp in the 2nd quarter valued at approximately $425,000. Finally, Nebula Research & Development LLC acquired a new stake in U.S. Bancorp in the 2nd quarter worth approximately $701,000. 77.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on U.S. Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Truist Financial boosted their price objective on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. DA Davidson reaffirmed a “buy” rating and set a $65.00 price objective on shares of U.S. Bancorp in a report on Friday, April 17th. Stephens assumed coverage on shares of U.S. Bancorp in a research note on Monday, June 15th. They issued an “equal weight” rating and a $63.00 target price on the stock. Finally, Oppenheimer dropped their target price on shares of U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $64.31.

Get Our Latest Stock Report on U.S. Bancorp

Key U.S. Bancorp News

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

U.S. Bancorp Stock Performance

NYSE USB traded up $0.59 during trading on Friday, hitting $62.49. The company’s stock had a trading volume of 6,421,100 shares, compared to its average volume of 8,819,863. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $63.39. The firm has a market cap of $96.93 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The firm has a 50 day moving average price of $57.18 and a 200 day moving average price of $55.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 5.11 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is 43.61%.

About U.S. Bancorp

(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.

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

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