Austin Private Wealth LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Austin Private Wealth LLC purchased a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,647 shares of the financial services provider’s stock, valued at approximately $201,000.

Other hedge funds have also modified their holdings of the company. CGC Financial Services LLC bought a new stake in U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $27,000. Legacy Financial Group LLC bought a new stake in U.S. Bancorp in the third quarter valued at approximately $30,000. Finally, Compass Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $39,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at U.S. Bancorp

In related news, insider Timothy A. Welsh sold 12,100 shares of U.S. Bancorp stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the completion of the sale, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the transaction, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,265 shares of company stock worth $2,535,903. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Odeon Capital Group upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $48.93 price objective on the stock in a report on Thursday, December 14th. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Stephens downgraded shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Finally, UBS Group lifted their price target on U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $46.41.

U.S. Bancorp Price Performance

USB traded up $0.69 during trading on Thursday, hitting $44.69. 7,594,784 shares of the stock traded hands, compared to its average volume of 9,094,184. The business has a 50 day moving average price of $41.98 and a 200 day moving average price of $38.84. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $45.85. The company has a market cap of $69.63 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.24 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. U.S. Bancorp’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 3.89 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.49 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.39%. U.S. Bancorp’s payout ratio is 59.76%.

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.