One Wealth Capital Management LLC Purchases Shares of 4,978 U.S. Bancorp (NYSE:USB)

One Wealth Capital Management LLC acquired a new position in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,978 shares of the financial services provider’s stock, valued at approximately $238,000.

Several other institutional investors have also recently made changes to their positions in USB. Lantz Financial LLC raised its position in shares of U.S. Bancorp by 4.7% during the second quarter. Lantz Financial LLC now owns 48,116 shares of the financial services provider’s stock valued at $1,910,000 after buying an additional 2,179 shares during the last quarter. Private Advisor Group LLC lifted its stake in U.S. Bancorp by 17.8% in the 2nd quarter. Private Advisor Group LLC now owns 110,806 shares of the financial services provider’s stock worth $4,399,000 after purchasing an additional 16,745 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of U.S. Bancorp by 9.4% during the 2nd quarter. Candriam S.C.A. now owns 142,151 shares of the financial services provider’s stock valued at $5,643,000 after purchasing an additional 12,257 shares during the last quarter. Lake Street Advisors Group LLC grew its position in shares of U.S. Bancorp by 6.5% during the second quarter. Lake Street Advisors Group LLC now owns 11,676 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 714 shares in the last quarter. Finally, Chris Bulman Inc bought a new stake in shares of U.S. Bancorp in the second quarter worth about $73,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $6,363,603.70. This trade represents a 16.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on USB. Stephens increased their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Truist Financial initiated coverage on U.S. Bancorp in a research report on Tuesday. They set a “hold” rating and a $54.00 target price for the company. Wells Fargo & Company boosted their price target on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays increased their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday. Finally, DA Davidson upgraded shares of 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 report on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.07.

U.S. Bancorp Trading Down 0.2 %

Shares of USB traded down $0.10 during trading hours on Tuesday, reaching $48.63. 3,984,718 shares of the company traded hands, compared to its average volume of 5,860,956. U.S. Bancorp has a 12-month low of $37.81 and a 12-month high of $53.98. The stock’s fifty day moving average price is $50.20 and its 200 day moving average price is $46.32. The firm has a market cap of $75.86 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 3.01 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the business posted $1.05 EPS. U.S. Bancorp’s quarterly revenue was down 2.4% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 3.93 earnings per share for the current year.

U.S. Bancorp announced that its Board of Directors has authorized a share repurchase program on Thursday, September 12th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

U.S. Bancorp Announces Dividend

The firm 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

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.