Gen Wealth Partners Inc Has $98,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Gen Wealth Partners Inc lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,050 shares of the financial services provider’s stock after selling 293 shares during the period. Gen Wealth Partners Inc’s holdings in U.S. Bancorp were worth $98,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of USB. FIL Ltd boosted its stake in U.S. Bancorp by 42.0% in the 4th quarter. FIL Ltd now owns 28,872 shares of the financial services provider’s stock worth $1,381,000 after purchasing an additional 8,542 shares during the period. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock valued at $6,640,569,000 after buying an additional 1,079,056 shares in the last quarter. M&T Bank Corp grew its holdings in shares of U.S. Bancorp by 36.9% during the fourth quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider’s stock valued at $55,427,000 after buying an additional 312,504 shares in the last quarter. D.A. Davidson & CO. raised its position in U.S. Bancorp by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider’s stock valued at $18,212,000 after buying an additional 38,802 shares during the period. Finally, Keystone Financial Planning Inc. boosted its position in U.S. Bancorp by 29.5% during the 4th quarter. Keystone Financial Planning Inc. now owns 72,614 shares of the financial services provider’s stock worth $3,473,000 after acquiring an additional 16,552 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of the stock in a transaction dated Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Truist Financial decreased their target price on shares of U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Raymond James reaffirmed an “outperform” rating and issued a $51.00 price target (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $43.50 price objective (down previously from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, Morgan Stanley dropped their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One investment 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. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.48.

U.S. Bancorp Stock Performance

NYSE:USB opened at $42.01 on Friday. The firm’s 50-day moving average is $40.71 and its 200-day moving average is $46.14. The company has a market cap of $65.45 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is 49.50%.

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.