Paradigm Financial Partners LLC Buys 395 Shares of U.S. Bancorp (NYSE:USB)

Paradigm Financial Partners LLC increased its stake in U.S. Bancorp (NYSE:USB) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,258 shares of the financial services provider’s stock after acquiring an additional 395 shares during the quarter. Paradigm Financial Partners LLC’s holdings in U.S. Bancorp were worth $1,439,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Scotia Capital Inc. increased its stake in shares of U.S. Bancorp by 2.9% in the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 990 shares in the last quarter. Spinnaker Trust bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at $220,000. Tealwood Asset Management Inc. grew its position in U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 15,665 shares during the period. Louisiana State Employees Retirement System acquired a new stake in U.S. Bancorp in the 4th quarter valued at $4,073,000. Finally, abrdn plc grew its position in U.S. Bancorp by 71.9% in the 4th quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock valued at $28,236,000 after purchasing an additional 272,976 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Terrance R. Dolan sold 26,583 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB traded up $0.13 during trading on Friday, hitting $41.12. 4,512,229 shares of the company’s stock traded hands, compared to its average volume of 7,300,433. The stock has a market capitalization of $64.07 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.13 and a beta of 1.05. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The business has a 50 day moving average of $42.34 and a 200-day moving average of $40.16.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Analysts Set New Price Targets

USB has been the subject of several research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. UBS Group reduced their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Barclays reduced their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, Jefferies Financial Group lifted their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.14.

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.