Arkadios Wealth Advisors Increases Position in U.S. Bancorp (NYSE:USB)

Key Points

• Arkadios Wealth Advisors increased its stake in U.S. Bancorp by 29.5%, owning 134,813 shares valued at $5.69 million as of its latest SEC filing.
• Several institutional investors notably increased their holdings in U.S. Bancorp, with Invesco Ltd. raising its position by 48.1%, owning over 16.78 million shares worth approximately $802.9 million.
• U.S. Bancorp declared a quarterly dividend of $0.50, yielding an annualized amount of $2.00 with a payout ratio of 47.85%, highlighting its robust capital management strategy.

Arkadios Wealth Advisors lifted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 29.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,813 shares of the financial services provider's stock after buying an additional 30,701 shares during the period. Arkadios Wealth Advisors' holdings in U.S. Bancorp were worth $5,692,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USB. Invesco Ltd. boosted its position in U.S. Bancorp by 48.1% in the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after purchasing an additional 5,449,949 shares during the last quarter. Marshall Wace LLP increased its position in shares of U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock valued at $276,915,000 after purchasing an additional 4,663,518 shares during the last quarter. FMR LLC raised its stake in shares of U.S. Bancorp by 5.0% during the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares during the period. Northern Trust Corp boosted its holdings in shares of U.S. Bancorp by 10.9% in the 4th quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after buying an additional 1,670,305 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in U.S. Bancorp by 4,160.7% during the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock valued at $65,340,000 after buying an additional 1,511,293 shares during the period. 77.60% of the stock is owned by institutional investors.

Insider Transactions at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on USB shares. Wells Fargo & Company lowered their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group boosted their price target on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada dropped their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Stock Down 2.1%

Shares of USB traded down $0.96 during midday trading on Thursday, hitting $44.92. The company had a trading volume of 11,814,363 shares, compared to its average volume of 11,593,154. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The firm has a market capitalization of $69.99 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.44 and a beta of 0.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The company's 50-day simple moving average is $45.11 and its 200-day simple moving average is $44.18.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.5%. U.S. Bancorp's payout ratio is presently 47.85%.

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.