HBW Advisory Services LLC Has $2.26 Million Holdings in U.S. Bancorp (NYSE:USB)

HBW Advisory Services LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 16.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,608 shares of the financial services provider's stock after purchasing an additional 7,520 shares during the period. HBW Advisory Services LLC's holdings in U.S. Bancorp were worth $2,263,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after buying an additional 1,079,056 shares in the last quarter. FMR LLC lifted its holdings in shares of U.S. Bancorp by 5.0% in the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after acquiring an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of U.S. Bancorp by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after purchasing an additional 2,460,845 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of U.S. Bancorp by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock valued at $1,618,948,000 after purchasing an additional 850,763 shares in the last quarter. Finally, Amundi grew its holdings in shares of U.S. Bancorp by 7.4% during the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after purchasing an additional 1,341,407 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity

In related news, Director Aleem Gillani bought 5,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

USB has been the topic of several research reports. Truist Financial decreased their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company dropped their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Cowen started coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating for the company. DA Davidson cut their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $50.67.

U.S. Bancorp Trading Down 1.1%

NYSE USB traded down $0.47 during mid-day trading on Wednesday, reaching $43.91. 6,976,112 shares of the stock were exchanged, compared to its average volume of 9,094,642. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $41.03 and a 200-day simple moving average of $45.50. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock has a market cap of $68.41 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the business posted $0.78 EPS. On average, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

About U.S. Bancorp

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.