Guardian Wealth Advisors LLC NC Acquires 1,711 Shares of U.S. Bancorp (NYSE:USB)

Guardian Wealth Advisors LLC NC raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 36.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,365 shares of the financial services provider’s stock after purchasing an additional 1,711 shares during the period. Guardian Wealth Advisors LLC NC’s holdings in U.S. Bancorp were worth $304,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in U.S. Bancorp by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,763,816 shares of the financial services provider’s stock valued at $80,659,000 after acquiring an additional 75,104 shares during the period. Czech National Bank boosted its holdings in U.S. Bancorp by 6.4% in the fourth quarter. Czech National Bank now owns 338,246 shares of the financial services provider’s stock worth $16,178,000 after purchasing an additional 20,364 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at $296,000. Brookstone Capital Management raised its stake in U.S. Bancorp by 7.1% during the 4th quarter. Brookstone Capital Management now owns 244,688 shares of the financial services provider’s stock valued at $11,703,000 after buying an additional 16,293 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of U.S. Bancorp by 18.9% during the 4th quarter. Capital Investment Advisors LLC now owns 7,149 shares of the financial services provider’s stock valued at $342,000 after buying an additional 1,135 shares during the period. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Down 0.3 %

NYSE:USB opened at $42.01 on Friday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year 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 stock has a fifty day moving average price of $40.71 and a two-hundred day moving average price of $46.14. The stock has a market capitalization of $65.45 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.78 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The shares were bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on USB. Keefe, Bruyette & Woods reduced their price objective on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of 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. Piper Sandler cut their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Barclays decreased their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup reduced their price objective on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.48.

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.