Waverly Advisors LLC Has $2.63 Million Holdings in U.S. Bancorp (NYSE:USB)

Waverly Advisors LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 715.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,066 shares of the financial services provider's stock after purchasing an additional 48,311 shares during the quarter. Waverly Advisors LLC's holdings in U.S. Bancorp were worth $2,634,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Capital Performance Advisors LLP raised its stake in U.S. Bancorp by 2.6% during the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after purchasing an additional 210 shares during the last quarter. Covestor Ltd raised its stake in U.S. Bancorp by 12.3% during the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 214 shares during the last quarter. Strategic Blueprint LLC raised its stake in U.S. Bancorp by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 226 shares during the last quarter. Tritonpoint Wealth LLC raised its stake in U.S. Bancorp by 4.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 4,891 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 230 shares during the last quarter. Finally, TrinityPoint Wealth LLC raised its stake in U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Morgan Stanley reduced their price objective on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wolfe Research raised shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Thursday, April 3rd. Oppenheimer raised 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, Bank of America reduced their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.89.

Insider Buying and Selling

In other news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Down 3.5%

Shares of NYSE USB opened at $42.88 on Thursday. The firm has a market capitalization of $66.80 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. 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 has a 1 year low of $35.18 and a 1 year high of $53.98. The firm's 50-day moving average is $40.94 and its 200-day moving average is $45.93.

U.S. Bancorp (NYSE:USB - Get Free Report) last released 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 business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm earned $0.78 EPS. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio 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.

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