Litman Gregory Wealth Management LLC Has $1.91 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Litman Gregory Wealth Management LLC lessened its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,175 shares of the financial services provider's stock after selling 24,468 shares during the period. Litman Gregory Wealth Management LLC's holdings in U.S. Bancorp were worth $1,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USB. Vestcor Inc boosted its holdings in shares of U.S. Bancorp by 0.7% in the 4th quarter. Vestcor Inc now owns 33,480 shares of the financial services provider's stock worth $1,460,000 after acquiring an additional 230 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of U.S. Bancorp by 1.4% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider's stock worth $832,000 after acquiring an additional 265 shares in the last quarter. Wealth Alliance lifted its holdings in U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider's stock worth $2,131,000 after buying an additional 266 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider's stock worth $499,000 after buying an additional 276 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in U.S. Bancorp by 3.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider's stock worth $453,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on U.S. Bancorp from $43.00 to $47.00 and gave the stock an "outperform" rating in a report on Thursday, January 18th. DA Davidson reduced their price objective on U.S. Bancorp from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday. HSBC raised U.S. Bancorp from a "hold" rating to a "buy" rating and upped their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. Piper Sandler reiterated a "neutral" rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, Barclays dropped their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $46.68.

U.S. Bancorp Stock Up 2.6 %

USB stock traded up $1.01 during trading hours on Friday, reaching $40.45. 12,037,614 shares of the stock were exchanged, compared to its average volume of 8,840,654. The firm's 50-day moving average is $42.32 and its 200-day moving average is $39.78. The company has a market cap of $63.03 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. On average, equities research analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.85%. U.S. Bancorp's dividend payout ratio is 64.90%.

Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP James L. Chosy sold 21,582 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the firm's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares of the company's stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

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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