4,324 Shares in U.S. Bancorp (NYSE:USB) Acquired by Brueske Advisory Services LLC

Brueske Advisory Services LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,324 shares of the financial services provider’s stock, valued at approximately $207,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Command Advisory Services Inc. increased its position in U.S. Bancorp by 17.5% during the 4th quarter. First Command Advisory Services Inc. now owns 1,858 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 277 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at $111,274,000. Proficio Capital Partners LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at $5,986,000. Oppenheimer & Co. Inc. boosted its stake in shares of U.S. Bancorp by 3.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 129,875 shares of the financial services provider’s stock valued at $6,212,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in U.S. Bancorp by 10.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 213,182 shares of the financial services provider’s stock worth $10,196,000 after acquiring an additional 20,860 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Down 0.5 %

Shares of U.S. Bancorp stock opened at $45.67 on Thursday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm has a market cap of $71.24 billion, a PE ratio of 12.05, a PEG ratio of 1.73 and a beta of 1.04. 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 company has a 50 day simple moving average of $47.96 and a two-hundred day simple moving average of $47.77.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the business posted $0.99 earnings per share. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.38%. U.S. Bancorp’s payout ratio is presently 52.77%.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 over the last three months. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USB. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Thursday, December 19th. Evercore ISI increased their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays raised their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Morgan Stanley decreased their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Truist Financial initiated coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

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.