Good Steward Wealth Advisors LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Good Steward Wealth Advisors LLC bought a new position in U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,767 shares of the financial services provider's stock, valued at approximately $708,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. J.Safra Asset Management Corp bought a new stake in shares of U.S. Bancorp during the fourth quarter worth $26,000. FPC Investment Advisory Inc. acquired a new stake in shares of U.S. Bancorp during the 4th quarter valued at $28,000. Picton Mahoney Asset Management bought a new position in shares of U.S. Bancorp during the fourth quarter valued at $30,000. Millstone Evans Group LLC bought a new position in U.S. Bancorp during the 4th quarter worth $31,000. Finally, REAP Financial Group LLC lifted its stake in shares of U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after acquiring an additional 297 shares during the period. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on USB shares. Citigroup lowered their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. TD Cowen assumed coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price objective for the company. Keefe, Bruyette & Woods lowered their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Piper Sandler reduced their price objective on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Evercore ISI raised their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $50.72.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded up $0.07 during midday trading on Friday, hitting $43.34. The company's stock had a trading volume of 21,354,696 shares, compared to its average volume of 9,199,776. The stock has a fifty day moving average price of $42.25 and a 200 day moving average price of $44.78. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market capitalization of $67.53 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.62 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same quarter in the prior year, the business posted $0.78 earnings per share. On average, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.61%. The ex-dividend date is Monday, June 30th. U.S. Bancorp's payout ratio is 49.50%.

Insiders Place Their Bets

In related news, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company's stock.

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.