MOKAN Wealth Management Inc. Makes New Investment in U.S. Bancorp (NYSE:USB)

MOKAN Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,234 shares of the financial services provider's stock, valued at approximately $559,000.

Other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $26,000. Picton Mahoney Asset Management bought a new stake in U.S. Bancorp during the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at about $31,000. REAP Financial Group LLC grew its position 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 valued at $31,000 after purchasing an additional 297 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $32,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on USB shares. DA Davidson dropped their price target on 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. Wells Fargo & Company dropped their target price on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Royal Bank Of Canada reduced their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Piper Sandler cut 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, Oppenheimer lifted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.72.

Insiders Place Their Bets

In related news, Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was 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 approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

USB traded up $0.82 during midday trading on Thursday, hitting $45.64. The company had a trading volume of 13,401,309 shares, compared to its average volume of 9,218,844. The firm's 50-day simple moving average is $42.63 and its 200-day simple moving average is $44.62. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $71.11 billion, a PE ratio of 11.30, a P/E/G ratio of 1.69 and a beta of 0.99.

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 (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 firm posted $0.78 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.38%. U.S. Bancorp's payout ratio is presently 49.50%.

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.