U.S. Bancorp (NYSE:USB) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 44.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,629 shares of the financial services provider’s stock after acquiring an additional 4,829 shares during the quarter. Larson Financial Group LLC’s holdings in U.S. Bancorp were worth $748,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. AMF Tjanstepension AB lifted its stake in shares of U.S. Bancorp by 78.0% in the 4th quarter. AMF Tjanstepension AB now owns 947,382 shares of the financial services provider’s stock valued at $45,382,000 after purchasing an additional 415,277 shares during the period. Banco Santander S.A. purchased a new position in U.S. Bancorp in the fourth quarter valued at $327,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of U.S. Bancorp by 40.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,556,680 shares of the financial services provider’s stock worth $79,570,000 after acquiring an additional 447,251 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in shares of U.S. Bancorp by 101.9% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 41,102 shares of the financial services provider’s stock worth $1,966,000 after acquiring an additional 20,745 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. grew its position in shares of U.S. Bancorp by 15.6% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 6,018 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 810 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on USB shares. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Truist Financial initiated 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. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. Morgan Stanley reduced their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

Insider Activity

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the sale, the executive vice president now owns 198,127 shares in the company, valued at $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last 90 days. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB opened at $44.77 on Monday. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The stock has a market cap of $69.84 billion, a PE ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a 50 day moving average price of $47.54 and a 200 day moving average price of $47.93.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. Equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.47%. U.S. Bancorp’s payout ratio is 52.77%.

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.