Weitzel Financial Services Inc. Lowers Stock Position in U.S. Bancorp (NYSE:USB)

Weitzel Financial Services Inc. decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 58.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,979 shares of the financial services provider's stock after selling 32,037 shares during the period. U.S. Bancorp comprises 0.5% of Weitzel Financial Services Inc.'s investment portfolio, making the stock its 21st biggest position. Weitzel Financial Services Inc.'s holdings in U.S. Bancorp were worth $1,106,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of USB. Norges Bank acquired a new position in U.S. Bancorp during the fourth quarter worth $777,524,000. Invesco Ltd. increased its stake in shares of U.S. Bancorp by 48.1% during the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock worth $802,947,000 after purchasing an additional 5,449,949 shares in the last quarter. Marshall Wace LLP raised its position in shares of U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after purchasing an additional 4,663,518 shares during the last quarter. Raymond James Financial Inc. purchased a new position in U.S. Bancorp in the 4th quarter valued at about $184,733,000. Finally, FMR LLC lifted its stake in U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after buying an additional 3,211,815 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 5,000 shares of the company's stock in a transaction dated 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 owns 15,000 shares of the company's stock, valued at $559,800. This represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on USB shares. Truist Financial decreased 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. Piper Sandler decreased their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays lowered their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $43.50 target price (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, Cowen started coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average price target of $50.89.

U.S. Bancorp Stock Down 0.4%

Shares of NYSE:USB opened at $44.76 on Tuesday. The company has a market capitalization of $69.74 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The business has a 50-day moving average price of $40.85 and a 200 day moving average price of $45.96. 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 announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.92 billion. During the same period last year, the business earned $0.78 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 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.

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