Venture Visionary Partners LLC Boosts Stake in U.S. Bancorp $USB

Venture Visionary Partners LLC increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 135.8% during the third quarter, Holdings Channel.com reports. The fund owned 18,094 shares of the financial services provider’s stock after buying an additional 10,422 shares during the period. Venture Visionary Partners LLC’s holdings in U.S. Bancorp were worth $874,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 36,863 shares during the period. Versor Investments LP acquired a new position in shares of U.S. Bancorp during the 1st quarter worth approximately $426,000. Brooklyn Investment Group lifted its position in shares of U.S. Bancorp by 31.8% during the 1st quarter. Brooklyn Investment Group now owns 6,857 shares of the financial services provider’s stock valued at $290,000 after buying an additional 1,655 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in U.S. Bancorp by 2.1% in the 1st quarter. Aptus Capital Advisors LLC now owns 84,382 shares of the financial services provider’s stock valued at $3,563,000 after acquiring an additional 1,701 shares during the period. Finally, Wellington Management Group LLP increased its holdings in U.S. Bancorp by 56.9% in the 1st quarter. Wellington Management Group LLP now owns 159,937 shares of the financial services provider’s stock worth $6,753,000 after acquiring an additional 57,991 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Cowen reaffirmed a “buy” rating on shares of U.S. Bancorp in a research note on Monday, October 20th. TD Cowen lifted their price objective on U.S. Bancorp from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Morgan Stanley reissued a “positive” rating on shares of U.S. Bancorp in a report on Friday, October 17th. Finally, Truist Financial raised their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $54.63.

U.S. Bancorp Stock Up 0.5%

USB stock opened at $53.75 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average of $48.43 and a two-hundred day moving average of $47.26. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $54.04. The company has a market cap of $83.55 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.01 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The business had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts forecast 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 will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Insiders Place Their Bets

In related news, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the sale, the executive vice president directly owned 226,375 shares in the company, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the transaction, the chairman directly owned 1,360,414 shares in the company, valued at $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by company insiders.

U.S. Bancorp 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.