Integrity Alliance LLC. Purchases 23,161 Shares of U.S. Bancorp $USB

Key Points

• Integrity Alliance LLC increased its U.S. Bancorp stake by 88.7% in the fourth quarter, buying 23,161 additional shares and bringing its total holdings to 49,262 shares worth about $2.63 million.
• Wall Street sentiment on U.S. Bancorp remains moderately positive, with an average price target of $61.20 and several firms reiterating buy or overweight ratings despite some hold and neutral calls.
• U.S. Bancorp reported better-than-expected quarterly results, earning $1.18 per share versus the $1.14 consensus and posting revenue of $7.32 billion, while also paying a quarterly dividend of $0.52 per share for a 3.8% annualized yield.

Integrity Alliance LLC. boosted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 88.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,262 shares of the financial services provider's stock after purchasing an additional 23,161 shares during the quarter. Integrity Alliance LLC.'s holdings in U.S. Bancorp were worth $2,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Paulson Wealth Management Inc. boosted its stake in U.S. Bancorp by 2.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider's stock worth $469,000 after purchasing an additional 173 shares during the period. Gilbert & Cook Inc. boosted its stake in U.S. Bancorp by 1.2% in the 4th quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider's stock worth $832,000 after purchasing an additional 184 shares during the period. Genesis Private Wealth LLC boosted its stake in U.S. Bancorp by 2.3% in the 4th quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider's stock worth $445,000 after purchasing an additional 187 shares during the period. RiverFront Investment Group LLC boosted its stake in U.S. Bancorp by 3.0% in the 4th quarter. RiverFront Investment Group LLC now owns 6,623 shares of the financial services provider's stock worth $353,000 after purchasing an additional 196 shares during the period. Finally, Lantz Financial LLC boosted its stake in U.S. Bancorp by 0.4% in the 4th quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider's stock worth $2,634,000 after purchasing an additional 199 shares during the period. Institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on USB shares. Piper Sandler restated a "buy" rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. UBS Group reaffirmed a "neutral" rating and issued a $60.00 price target on shares of U.S. Bancorp in a report on Wednesday, February 4th. Barclays lifted their price target on U.S. Bancorp from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, April 17th. Jefferies Financial Group reiterated a "hold" rating and set a $60.00 price target on shares of U.S. Bancorp in a research report on Thursday, April 16th. Finally, DA Davidson reiterated a "buy" rating and set a $65.00 price target on shares of U.S. Bancorp in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $61.20.

U.S. Bancorp Stock Performance

Shares of USB opened at $54.63 on Thursday. The company has a market cap of $84.81 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $54.29 and a 200-day moving average price of $53.86. U.S. Bancorp has a 12-month low of $42.55 and a 12-month high of $61.19.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. As a group, equities analysts forecast that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is currently 43.61%.

Insider Transactions at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of the firm's stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares of the company's stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the firm's stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company's stock.

U.S. Bancorp Profile

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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