Mitchell & Pahl Private Wealth LLC Has $2.18 Million Position in U.S. Bancorp (NYSE:USB)

Mitchell & Pahl Private Wealth LLC boosted its stake in U.S. Bancorp (NYSE:USB) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,630 shares of the financial services provider’s stock after purchasing an additional 1,673 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in U.S. Bancorp were worth $2,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USB. Winch Advisory Services LLC grew its stake in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after buying an additional 490 shares during the period. Global Wealth Strategies & Associates boosted its holdings in U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 441 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new position in shares of U.S. Bancorp in the 4th quarter worth $41,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 0.8 %

U.S. Bancorp stock opened at $48.40 on Tuesday. The firm has a 50 day moving average price of $50.18 and a 200-day moving average price of $46.88. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a market capitalization of $75.50 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.80 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released 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 business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. As a group, equities analysts predict that U.S. Bancorp will post 4.35 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Analyst Ratings Changes

USB has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Stephens upped 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 report on Thursday, October 17th. Evercore ISI lifted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial began coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective for the company. Finally, Morgan Stanley cut their target price on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.