Exencial Wealth Advisors LLC Increases Stock Position in U.S. Bancorp $USB

Key Points

• Exencial Wealth Advisors LLC increased its holdings in U.S. Bancorp by 27.1%, owning 26,132 shares worth $1,182,000 after purchasing an additional 5,574 shares in the second quarter.
• U.S. Bancorp reported $1.22 earnings per share for the last quarter, exceeding analysts' expectations of $1.11, and reported a revenue of $7.34 billion.
• The company declared a quarterly dividend of $0.52, an increase from the previous $0.50, resulting in an annualized yield of 4.3%.

Exencial Wealth Advisors LLC raised its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 27.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,132 shares of the financial services provider's stock after purchasing an additional 5,574 shares during the quarter. Exencial Wealth Advisors LLC's holdings in U.S. Bancorp were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Curbstone Financial Management Corp boosted its stake in shares of U.S. Bancorp by 0.6% during the 2nd quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider's stock worth $1,809,000 after acquiring an additional 222 shares in the last quarter. Mechanics Financial Corp boosted its stake in shares of U.S. Bancorp by 5.3% during the 2nd quarter. Mechanics Financial Corp now owns 4,806 shares of the financial services provider's stock worth $217,000 after acquiring an additional 240 shares in the last quarter. Northern Financial Advisors Inc boosted its stake in shares of U.S. Bancorp by 5.0% during the 2nd quarter. Northern Financial Advisors Inc now owns 5,033 shares of the financial services provider's stock worth $228,000 after acquiring an additional 241 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE boosted its stake in shares of U.S. Bancorp by 0.5% during the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 46,109 shares of the financial services provider's stock worth $2,086,000 after acquiring an additional 249 shares in the last quarter. Finally, Bestgate Wealth Advisors LLC boosted its stake in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock worth $339,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on USB shares. Truist Financial boosted their price target on U.S. Bancorp from $51.00 to $52.00 and gave the stock a "hold" rating in a research note on Friday, October 17th. Cowen reissued a "buy" rating on shares of U.S. Bancorp in a research note on Monday. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. The Goldman Sachs Group set a $52.00 target price on U.S. Bancorp and gave the company a "neutral" rating in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a "hold" rating to a "buy" rating and set a $52.50 target price on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average target price of $54.55.

U.S. Bancorp Trading Up 1.1%

Shares of USB opened at $47.84 on Friday. The stock has a fifty day moving average of $48.05 and a two-hundred day moving average of $45.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $74.45 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.06. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.U.S. Bancorp's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. As a group, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.52 dividend. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, September 30th. This represents a $2.08 annualized dividend and a yield of 4.3%. U.S. Bancorp's payout ratio is presently 47.60%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of the business's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the transaction, the executive vice president directly owned 226,375 shares in the company, valued at approximately $10,607,932.50. The trade was a 10.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Andrew Cecere sold 140,445 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.34, for a total value of $6,508,221.30. Following the completion of the transaction, the chairman owned 1,360,414 shares of the company's stock, valued at $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

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.

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