OneAscent Wealth Management LLC Buys 398 Shares of U.S. Bancorp (NYSE:USB)

OneAscent Wealth Management LLC boosted its holdings in U.S. Bancorp (NYSE:USB) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,659 shares of the financial services provider’s stock after acquiring an additional 398 shares during the quarter. U.S. Bancorp accounts for about 1.0% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. OneAscent Wealth Management LLC’s holdings in U.S. Bancorp were worth $2,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in USB. Cambridge Advisors Inc. grew its stake in U.S. Bancorp by 16.1% during the first quarter. Cambridge Advisors Inc. now owns 7,216 shares of the financial services provider’s stock worth $323,000 after buying an additional 1,000 shares during the last quarter. Ameliora Wealth Management Ltd. grew its stake in U.S. Bancorp by 55.5% during the first quarter. Ameliora Wealth Management Ltd. now owns 6,840 shares of the financial services provider’s stock worth $306,000 after buying an additional 2,440 shares during the last quarter. Norwood Financial Corp grew its stake in U.S. Bancorp by 1,065.0% during the first quarter. Norwood Financial Corp now owns 1,165 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,065 shares during the last quarter. Brookmont Capital Management grew its stake in U.S. Bancorp by 0.6% during the first quarter. Brookmont Capital Management now owns 82,327 shares of the financial services provider’s stock worth $3,680,000 after buying an additional 514 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in U.S. Bancorp during the first quarter worth about $323,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

USB stock traded up $0.50 during trading hours on Friday, reaching $39.70. The stock had a trading volume of 12,212,239 shares, compared to its average volume of 8,161,955. The stock has a market capitalization of $61.95 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a 50-day simple moving average of $40.35 and a 200 day simple moving average of $41.69. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 earnings per share. Analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Friday, June 28th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on USB shares. Evercore ISI upped their target price on shares of U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Oppenheimer reduced their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.02.

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.