R.H. Investment Group LLC Takes Position in U.S. Bancorp (NYSE:USB)

R.H. Investment Group LLC purchased a new position in U.S. Bancorp (NYSE:USB) during the 4th quarter, Holdings Channel.com reports. The firm purchased 80,954 shares of the financial services provider’s stock, valued at approximately $3,872,000. U.S. Bancorp accounts for about 3.6% of R.H. Investment Group LLC’s holdings, making the stock its 14th largest position.

A number of other hedge funds also recently bought and sold shares of USB. Frazier Financial Advisors LLC increased its holdings in shares of U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after buying an additional 441 shares during the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of U.S. Bancorp by 70.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in U.S. Bancorp in the fourth quarter worth about $38,000. Kimelman & Baird LLC bought a new stake in U.S. Bancorp during the second quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in U.S. Bancorp during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of a number of recent research reports. Oppenheimer dropped their target price on U.S. Bancorp from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada set a $53.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 17th. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a report on Monday. Finally, DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $54.07.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Trading Up 1.4 %

Shares of NYSE USB opened at $49.08 on Wednesday. The business has a fifty day moving average price of $50.25 and a 200 day moving average price of $46.68. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $76.57 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05.

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

U.S. Bancorp Announces Dividend

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

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.