U.S. Bancorp (NYSE:USB) Stake Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in U.S. Bancorp (NYSE:USB) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,789,725 shares of the financial services provider’s stock after purchasing an additional 2,460,845 shares during the period. Charles Schwab Investment Management Inc.’s holdings in U.S. Bancorp were worth $2,381,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of USB. Steward Partners Investment Advisory LLC raised its holdings in shares of U.S. Bancorp by 68.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 64,468 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 26,251 shares in the last quarter. Bedel Financial Consulting Inc. raised its holdings in shares of U.S. Bancorp by 10.7% during the fourth quarter. Bedel Financial Consulting Inc. now owns 13,994 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 1,350 shares in the last quarter. Mission Wealth Management LP raised its holdings in shares of U.S. Bancorp by 50.2% during the fourth quarter. Mission Wealth Management LP now owns 29,085 shares of the financial services provider’s stock worth $1,391,000 after acquiring an additional 9,719 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth $730,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of U.S. Bancorp by 35.6% during the fourth quarter. Jones Financial Companies Lllp now owns 176,473 shares of the financial services provider’s stock worth $8,441,000 after acquiring an additional 46,322 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on USB shares. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Monday, January 13th. Barclays increased their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Truist Financial assumed coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price on the stock. Finally, Compass Point increased their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Trading Down 1.5 %

Shares of NYSE:USB opened at $46.21 on Tuesday. The company has a market cap of $72.08 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.73 and a beta of 1.04. The stock’s 50-day moving average is $47.87 and its 200-day moving average is $47.90. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. This represents a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 over the last three months. 0.23% of the stock is owned by corporate insiders.

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.