1834 Investment Advisors Co. Purchases 56,546 Shares of U.S. Bancorp $USB

Key Points

• 1834 Investment Advisors boosted its stake in U.S. Bancorp by 319.7% in Q4, buying 56,546 shares to hold 74,232 shares valued at about $3.96 million.
• Insiders sold sizable positions: Mark G. Runkel sold 32,195 shares at $60.65 (~$1.95M) and Jodi L. Richard sold 40,000 shares at $57 (~$2.28M), leaving insiders with roughly 0.21% ownership.
• U.S. Bancorp beat quarterly EPS estimates ($1.18 vs. $1.14), pays a $0.52 quarterly dividend (annualized yield ~3.7%), has a market cap of about $86.3B, and a consensus analyst rating of "Moderate Buy" with a $61.18 target.

1834 Investment Advisors Co. lifted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 319.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,232 shares of the financial services provider's stock after buying an additional 56,546 shares during the period. 1834 Investment Advisors Co.'s holdings in U.S. Bancorp were worth $3,961,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USB. Camelot Portfolios LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at approximately $59,000. Kestra Private Wealth Services LLC increased its position in U.S. Bancorp by 2.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,440 shares of the financial services provider's stock worth $1,197,000 after buying an additional 640 shares during the last quarter. Verdence Capital Advisors LLC increased its position in U.S. Bancorp by 0.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 52,745 shares of the financial services provider's stock worth $2,814,000 after buying an additional 478 shares during the last quarter. Quest 10 Wealth Builders Inc. raised its stake in shares of U.S. Bancorp by 750.5% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 876 shares of the financial services provider's stock valued at $47,000 after buying an additional 773 shares during the period. Finally, Facet Wealth Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at $219,000. 77.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Mark G. Runkel sold 32,195 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider owned 97,728 shares of the company's stock, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares of the company's stock, valued at $11,813,307. This represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

Shares of USB opened at $55.62 on Monday. U.S. Bancorp has a 52-week low of $39.28 and a 52-week high of $61.19. The stock's 50-day simple moving average is $54.25 and its 200 day simple moving average is $52.68. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $86.34 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Research analysts forecast that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 43.61%.

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Piper Sandler reiterated a "buy" rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. DA Davidson restated a "buy" rating and issued a $65.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of U.S. Bancorp from $62.00 to $58.00 and set an "underweight" rating on the stock in a report on Tuesday, April 7th. Evercore increased their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an "in-line" rating in a research report on Thursday, February 5th. Finally, Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.18.

U.S. Bancorp Company Profile

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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