Secured Retirement Advisors LLC Invests $1.20 Million in U.S. Bancorp (NYSE:USB)

Secured Retirement Advisors LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,053 shares of the financial services provider’s stock, valued at approximately $1,198,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $971,000. Allworth Financial LP grew its stake in U.S. Bancorp by 36.8% in the 4th quarter. Allworth Financial LP now owns 78,621 shares of the financial services provider’s stock valued at $3,823,000 after acquiring an additional 21,148 shares during the last quarter. Principal Securities Inc. grew its stake in U.S. Bancorp by 9.0% in the 4th quarter. Principal Securities Inc. now owns 61,719 shares of the financial services provider’s stock valued at $2,952,000 after acquiring an additional 5,100 shares during the last quarter. Bull Street Advisors LLC grew its stake in U.S. Bancorp by 0.9% in the 4th quarter. Bull Street Advisors LLC now owns 30,702 shares of the financial services provider’s stock valued at $1,468,000 after acquiring an additional 280 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in U.S. Bancorp by 5.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 28,758 shares of the financial services provider’s stock valued at $1,376,000 after acquiring an additional 1,565 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.7 %

NYSE USB opened at $47.73 on Friday. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The company’s 50 day moving average price is $48.61 and its 200 day moving average price is $47.52. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $74.46 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.77 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the firm posted $0.99 earnings per share. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.19%. U.S. Bancorp’s payout ratio is 52.77%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares of the company’s stock, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price objective on the stock. DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered 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. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $65.00 in a report on Monday, November 25th. Finally, Oppenheimer upped their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.