U.S. Bancorp (NYSE:USB) Stock Position Increased by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC increased its holdings in U.S. Bancorp (NYSE:USB) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,885 shares of the financial services provider’s stock after buying an additional 508 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in U.S. Bancorp were worth $425,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. J.Safra Asset Management Corp acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at $26,000. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at $30,000. Picton Mahoney Asset Management acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at $31,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

USB stock opened at $44.40 on Wednesday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The business’s 50-day moving average price is $40.92 and its two-hundred day moving average price is $45.95. The firm has a market cap of $69.18 billion, a PE ratio of 11.72, a P/E/G ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.78 EPS. As a group, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp’s payout ratio is 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on USB. Barclays decreased their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Morgan Stanley lowered their price target on shares of U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Wolfe Research upgraded U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, April 3rd. Truist Financial reduced their price objective on U.S. Bancorp from $51.00 to $48.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their target price on U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.89.

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.