World Investment Advisors Purchases 13,926 Shares of U.S. Bancorp (NYSE:USB)

World Investment Advisors raised its holdings in U.S. Bancorp (NYSE:USB) by 26.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,545 shares of the financial services provider’s stock after buying an additional 13,926 shares during the quarter. World Investment Advisors’ holdings in U.S. Bancorp were worth $3,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its stake in U.S. Bancorp by 229.5% in the 3rd quarter. Janus Henderson Group PLC now owns 845,686 shares of the financial services provider’s stock valued at $38,671,000 after buying an additional 588,999 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in U.S. Bancorp by 267.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 19,036 shares of the financial services provider’s stock worth $871,000 after purchasing an additional 13,849 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of U.S. Bancorp by 5.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 31,917 shares of the financial services provider’s stock valued at $1,460,000 after purchasing an additional 1,792 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in U.S. Bancorp by 6.4% in the third quarter. IHT Wealth Management LLC now owns 11,635 shares of the financial services provider’s stock valued at $529,000 after buying an additional 697 shares during the period. Finally, Morse Asset Management Inc bought a new position in U.S. Bancorp in the third quarter valued at approximately $229,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other news, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last quarter. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays increased their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Citigroup cut their target price on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Truist Financial lowered their price target on U.S. Bancorp from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Bank of America decreased their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.89.

U.S. Bancorp Stock Performance

NYSE USB opened at $36.78 on Friday. The firm has a 50-day moving average of $44.92 and a 200-day moving average of $47.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market cap of $57.30 billion, a PE ratio of 9.70, a P/E/G ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a 52-week low of $35.74 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted 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. The company 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 company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. U.S. Bancorp’s payout ratio is 52.77%.

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.