Iams Wealth Management LLC Has $1.73 Million Position in U.S. Bancorp (NYSE:USB)

Iams Wealth Management LLC lifted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,041 shares of the financial services provider's stock after purchasing an additional 6,473 shares during the period. Iams Wealth Management LLC's holdings in U.S. Bancorp were worth $1,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in USB. FIL Ltd lifted its holdings in U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider's stock worth $1,381,000 after purchasing an additional 8,542 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 worth $6,640,569,000 after buying an additional 1,079,056 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of U.S. Bancorp by 36.9% during the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider's stock worth $55,427,000 after buying an additional 312,504 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of U.S. Bancorp by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after buying an additional 38,802 shares during the period. Finally, Sovran Advisors LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $369,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock traded up $1.04 during mid-day trading on Friday, reaching $44.72. 4,845,696 shares of the stock were exchanged, compared to its average volume of 9,050,443. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a market cap of $69.67 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The firm has a 50-day simple moving average of $41.09 and a 200 day simple moving average of $45.44. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

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

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.47%. U.S. Bancorp's payout ratio is 49.50%.

Analysts Set New Price Targets

USB has been the subject of several research reports. Wells Fargo & Company reduced their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price for the company in a research note on Thursday, April 3rd. 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 research report on Wednesday. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Truist Financial reduced their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $50.67.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of the stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.