Bison Wealth LLC Has $315,000 Stake in U.S. Bancorp (NYSE:USB)

Bison Wealth LLC lowered its stake in U.S. Bancorp (NYSE:USB) by 48.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,579 shares of the financial services provider’s stock after selling 6,104 shares during the period. Bison Wealth LLC’s holdings in U.S. Bancorp were worth $315,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of USB. Norges Bank acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $777,524,000. Invesco Ltd. increased its position in U.S. Bancorp by 48.1% in the fourth quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider’s stock worth $802,947,000 after purchasing an additional 5,449,949 shares during the period. Franklin Resources Inc. raised its holdings in U.S. Bancorp by 153.0% during the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider’s stock worth $374,573,000 after purchasing an additional 4,807,662 shares during the last quarter. Marshall Wace LLP lifted its position in U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider’s stock valued at $276,915,000 after purchasing an additional 4,663,518 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $184,733,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. The trade was a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last quarter. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on USB. Raymond James reissued an “outperform” rating and set a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Oppenheimer increased their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Monday. Piper Sandler reduced their price target on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their target price on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Morgan Stanley reduced their price objective on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $50.48.

U.S. Bancorp Price Performance

NYSE:USB opened at $40.37 on Thursday. The stock’s 50-day simple moving average is $41.33 and its 200 day simple moving average is $46.49. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. 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 company has a market cap of $62.90 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s dividend payout ratio is currently 49.50%.

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.