Fiduciary Alliance LLC Purchases New Stake in U.S. Bancorp (NYSE:USB)

Fiduciary Alliance LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,186 shares of the financial services provider’s stock, valued at approximately $296,000.

Several other institutional investors also recently bought and sold shares of USB. Parallel Advisors LLC raised its position in U.S. Bancorp by 3.4% in the second quarter. Parallel Advisors LLC now owns 19,860 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 648 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of U.S. Bancorp by 4.9% in the second quarter. Brown Brothers Harriman & Co. now owns 119,282 shares of the financial services provider’s stock valued at $4,735,000 after buying an additional 5,603 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of U.S. Bancorp by 251.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 20,485 shares of the financial services provider’s stock valued at $813,000 after buying an additional 14,652 shares during the period. Renaissance Technologies LLC acquired a new position in U.S. Bancorp during the 2nd quarter worth approximately $9,198,000. Finally, Excalibur Management Corp boosted its holdings in U.S. Bancorp by 4.2% in the 2nd quarter. Excalibur Management Corp now owns 10,325 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 415 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the transaction, the insider now owns 129,790 shares in the company, valued at approximately $6,363,603.70. This represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Up 1.4 %

NYSE USB opened at $49.08 on Wednesday. The firm has a market capitalization of $76.57 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company has a 50-day simple moving average of $50.25 and a 200-day simple moving average of $46.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. U.S. Bancorp’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.07%. U.S. Bancorp’s payout ratio is currently 61.16%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stephens boosted their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Morgan Stanley upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $54.00 to $57.00 in a report on Monday, September 30th. Truist Financial assumed coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price for the company. Evercore ISI boosted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.07.

U.S. Bancorp Company 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.