U.S. Bancorp (NYSE:USB) Shares Purchased by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,939 shares of the financial services provider’s stock after purchasing an additional 1,356 shares during the period. CFS Investment Advisory Services LLC’s holdings in U.S. Bancorp were worth $906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC grew its stake in U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the period. Frazier Financial Advisors LLC increased its stake 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 purchasing an additional 441 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock worth $29,000 after buying an additional 250 shares during the period. Albion Financial Group UT boosted its stake in U.S. Bancorp by 92.8% in the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock worth $33,000 after buying an additional 335 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter worth about $33,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

Shares of USB opened at $49.00 on Friday. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market cap of $76.43 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.81 and a beta of 1.05. The business’s 50 day moving average is $49.99 and its two-hundred day moving average is $47.10.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Analysts forecast that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial began coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective on the stock. Barclays lifted their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Oppenheimer upped their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.