Private Advisor Group LLC Has $4.59 Million Stake in U.S. Bancorp $USB

Private Advisor Group LLC reduced its holdings in U.S. Bancorp (NYSE:USB) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,315 shares of the financial services provider’s stock after selling 13,654 shares during the period. Private Advisor Group LLC’s holdings in U.S. Bancorp were worth $4,593,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Clayton Financial Group LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $25,000. Financial Life Planners bought a new position in U.S. Bancorp in the third quarter valued at approximately $25,000. Rossby Financial LCC grew its stake in U.S. Bancorp by 57.8% in the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 212 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $28,000. Finally, Westfuller Advisors LLC raised its stake in shares of U.S. Bancorp by 54.7% during the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Jefferies upgraded U.S. Bancorp to Buy and raised its price target to $75, citing improving earnings leverage and fee-driven growth. Article Title
• Positive Sentiment: Wells Fargo boosted its price target on U.S. Bancorp to $66 and reiterated an Overweight rating, while UBS also lifted its target to $66. Article Title
• Positive Sentiment: Elavon, a wholly owned U.S. Bank subsidiary, partnered with Wix to launch unified commerce solutions for small businesses, potentially supporting payment-processing and merchant-services growth. Article Title
• Neutral Sentiment: Additional market commentary noted U.S. Bancorp shares have meaningful upside to analyst targets, reinforcing a constructive but mixed overall rating picture. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of U.S. Bancorp from $57.50 to $65.00 and gave the company an “underweight” rating in a research note on Monday. Jefferies Financial Group upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $75.00 in a research note on Monday. Stephens began coverage on shares of U.S. Bancorp in a research report on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price objective for the company. UBS Group boosted their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $63.92.

U.S. Bancorp Price Performance

Shares of USB opened at $62.90 on Wednesday. The company’s 50-day moving average is $56.84 and its 200-day moving average is $55.64. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $97.57 billion, a PE ratio of 13.19, a PEG ratio of 1.09 and a beta of 0.96. U.S. Bancorp has a fifty-two week low of $43.46 and a fifty-two week high of $63.39.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Equities analysts forecast that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.61%.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.