WR Wealth Planners LLC Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

WR Wealth Planners LLC boosted its position in U.S. Bancorp (NYSE:USB) by 74.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,055 shares of the financial services provider’s stock after purchasing an additional 451 shares during the period. WR Wealth Planners LLC’s holdings in U.S. Bancorp were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. raised its stake in U.S. Bancorp by 9.3% in the 3rd quarter. Principal Securities Inc. now owns 56,619 shares of the financial services provider’s stock valued at $2,589,000 after acquiring an additional 4,820 shares during the period. Farther Finance Advisors LLC raised its position in shares of U.S. Bancorp by 55.5% in the third quarter. Farther Finance Advisors LLC now owns 13,937 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 4,976 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of U.S. Bancorp by 3.6% in the third quarter. Chicago Partners Investment Group LLC now owns 12,747 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 446 shares during the period. Prossimo Advisors LLC lifted its stake in shares of U.S. Bancorp by 4.0% during the 3rd quarter. Prossimo Advisors LLC now owns 15,511 shares of the financial services provider’s stock valued at $709,000 after buying an additional 595 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in U.S. Bancorp by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 9,852,013 shares of the financial services provider’s stock worth $478,118,000 after buying an additional 373,559 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Up 1.4 %

Shares of NYSE:USB opened at $46.93 on Monday. The firm has a fifty day moving average of $47.91 and a 200 day moving average of $47.87. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $73.20 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm 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. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.26%. U.S. Bancorp’s payout ratio is 52.77%.

Insider Transactions at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction 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 approximately $58,132,431. This trade represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

USB has been the topic of several recent research reports. Wells Fargo & Company increased their target price on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Monday, January 13th. Compass Point lifted their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Finally, Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

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.