U.S. Bancorp (NYSE:USB) Position Increased by Obermeyer Wealth Partners

Obermeyer Wealth Partners boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 186.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,027 shares of the financial services provider's stock after buying an additional 8,480 shares during the period. Obermeyer Wealth Partners' holdings in U.S. Bancorp were worth $623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth about $26,000. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after buying an additional 490 shares during the last quarter. FPC Investment Advisory Inc. bought a new stake in U.S. Bancorp in the 4th quarter valued at $28,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. DA Davidson lowered their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group cut their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley dropped their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler reduced their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.48.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $43.94 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $68.46 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The business has a 50-day moving average of $40.69 and a 200 day moving average of $46.09. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The company 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 12.94% and a net margin of 14.75%. During the same quarter last year, the company posted $0.78 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Insider Buying and Selling

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

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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