Mather Group LLC. Has $524,000 Stock Position in U.S. Bancorp (NYSE:USB)

Mather Group LLC. increased its stake in shares of U.S. Bancorp (NYSE:USB) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,957 shares of the financial services provider’s stock after buying an additional 1,808 shares during the period. Mather Group LLC.’s holdings in U.S. Bancorp were worth $524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its position in U.S. Bancorp by 16.9% during the 3rd quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after purchasing an additional 76,914 shares during the period. Czech National Bank lifted its position in U.S. Bancorp by 6.9% during the 3rd quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock valued at $14,537,000 after purchasing an additional 20,522 shares during the period. Miracle Mile Advisors LLC lifted its position in U.S. Bancorp by 11.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 834 shares during the period. Aprio Wealth Management LLC acquired a new position in U.S. Bancorp during the 3rd quarter valued at about $303,000. Finally, Callan Family Office LLC lifted its position in U.S. Bancorp by 15.4% during the 3rd quarter. Callan Family Office LLC now owns 6,195 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 829 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In other news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at approximately $58,132,431. This represents a 7.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on USB shares. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Monday, January 13th. Barclays upped their price target on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Morgan Stanley lowered their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research note on Thursday, October 24th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Price Performance

Shares of USB opened at $47.33 on Thursday. The stock has a market capitalization of $73.83 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a 50 day moving average of $49.45 and a 200-day moving average of $47.42. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. As a group, equities research analysts forecast that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is presently 52.77%.

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.