U.S. Bancorp (NYSE:USB) Stock Position Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in U.S. Bancorp (NYSE:USB) by 310.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,911 shares of the financial services provider’s stock after acquiring an additional 5,983 shares during the quarter. Venturi Wealth Management LLC’s holdings in U.S. Bancorp were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. D.A. Davidson & CO. increased its stake in U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider’s stock worth $18,212,000 after purchasing an additional 38,802 shares in the last quarter. NTV Asset Management LLC increased its position in shares of U.S. Bancorp by 17.9% in the fourth quarter. NTV Asset Management LLC now owns 6,690 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 1,017 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of U.S. Bancorp by 7.1% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 27,716 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 1,838 shares during the period. Capital Performance Advisors LLP raised its holdings in shares of U.S. Bancorp by 2.6% during the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 210 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $80,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jodi L. Richard sold 30,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the transaction, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The stock was 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 owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % 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 90 days. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on USB. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Thursday, October 24th. Truist Financial started coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Trading Down 0.7 %

Shares of NYSE:USB opened at $46.79 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $73.00 billion, a PE ratio of 12.35, a P/E/G ratio of 1.78 and a beta of 1.04. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm has a fifty day moving average price of $48.29 and a 200 day moving average price of $47.61.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.27%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

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.