B. Riley Wealth Advisors Inc. Has $1.41 Million Stock Position in U.S. Bancorp (NYSE:USB)

B. Riley Wealth Advisors Inc. lowered its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 21.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,213 shares of the financial services provider's stock after selling 7,774 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in U.S. Bancorp were worth $1,412,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FIL Ltd grew its holdings in shares of U.S. Bancorp by 42.0% during 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 period. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after purchasing an additional 1,079,056 shares during the period. M&T Bank Corp boosted its holdings in U.S. Bancorp by 36.9% in 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 acquiring an additional 312,504 shares during the period. D.A. Davidson & CO. boosted its holdings in U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after acquiring an additional 38,802 shares during the period. Finally, Swedbank AB boosted its holdings in U.S. Bancorp by 2.4% in the 4th quarter. Swedbank AB now owns 554,489 shares of the financial services provider's stock worth $26,521,000 after acquiring an additional 13,223 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB traded down $0.16 during trading hours on Friday, reaching $43.60. 9,784,874 shares of the company's stock traded hands, compared to its average volume of 9,100,115. The firm has a market capitalization of $67.93 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The business's fifty day simple moving average is $41.00 and its two-hundred day simple moving average is $45.62.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter last year, the business posted $0.78 earnings per share. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 4.59%. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on USB. Cowen began coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Piper Sandler cut their target price on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Truist Financial cut their target price on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada cut their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Thursday, April 3rd. 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's stock. According to MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus price target of $50.89.

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.