11,562 Shares in U.S. Bancorp (NYSE:USB) Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,562 shares of the financial services provider's stock, valued at approximately $553,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new stake in U.S. Bancorp during the 4th quarter valued at $26,000. FPC Investment Advisory Inc. purchased a new stake in U.S. Bancorp during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. Picton Mahoney Asset Management purchased a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. Finally, Millstone Evans Group LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at $31,000. Institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on USB shares. Morgan Stanley dropped their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Raymond James reaffirmed an "outperform" rating and issued a $51.00 target price (down from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Citigroup dropped their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Truist Financial lowered their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $50.89.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

NYSE:USB traded down $0.51 during trading hours on Wednesday, hitting $43.23. 4,792,624 shares of the stock were exchanged, compared to its average volume of 9,079,598. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm's fifty day moving average price is $41.00 and its 200 day moving average price is $45.74. 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 company has a market cap of $67.35 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.63%. U.S. Bancorp's payout ratio is 49.50%.

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.