Defined Wealth Management LLC Decreases Stock Position in U.S. Bancorp (NYSE:USB)

Defined Wealth Management LLC decreased its position in shares of U.S. Bancorp (NYSE:USB) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,757 shares of the financial services provider’s stock after selling 697 shares during the period. Defined Wealth Management LLC’s holdings in U.S. Bancorp were worth $515,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its stake in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after buying an additional 490 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 441 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $38,000. Finally, Kimelman & Baird LLC bought a new stake in shares of U.S. Bancorp in the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.8 %

Shares of U.S. Bancorp stock opened at $48.40 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98. The business’s fifty day moving average price is $50.22 and its two-hundred day moving average price is $46.72. The company has a market capitalization of $75.50 billion, a P/E ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. As a group, research analysts forecast that U.S. Bancorp will post 3.91 EPS for the current year.

U.S. Bancorp Announces Dividend

The business 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. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on USB shares. Compass Point lifted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research report on Monday, January 13th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.