Stephens Inc. AR Increases Stock Holdings in U.S. Bancorp $USB

Stephens Inc. AR lifted its stake in U.S. Bancorp (NYSE:USB) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 298,924 shares of the financial services provider’s stock after purchasing an additional 661 shares during the quarter. Stephens Inc. AR’s holdings in U.S. Bancorp were worth $13,526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of USB. LMG Wealth Partners LLC lifted its stake in shares of U.S. Bancorp by 2.3% during the 2nd quarter. LMG Wealth Partners LLC now owns 130,813 shares of the financial services provider’s stock worth $5,919,000 after acquiring an additional 2,979 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of U.S. Bancorp by 27.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 19,807 shares of the financial services provider’s stock worth $917,000 after acquiring an additional 4,251 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of U.S. Bancorp during the 2nd quarter worth approximately $2,145,000. Koshinski Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 12.9% during the 2nd quarter. Koshinski Asset Management Inc. now owns 14,019 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Citizens Business Bank lifted its stake in shares of U.S. Bancorp by 1.7% during the 2nd quarter. Citizens Business Bank now owns 91,565 shares of the financial services provider’s stock worth $4,143,000 after acquiring an additional 1,557 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 3.1%

Shares of NYSE:USB opened at $47.10 on Tuesday. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The business’s fifty day simple moving average is $47.98 and its 200-day simple moving average is $44.94. The company has a market capitalization of $73.29 billion, a PE ratio of 10.78, a P/E/G ratio of 1.31 and a beta of 1.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period last year, the business posted $1.03 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.52 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on USB shares. DA Davidson raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday. Cowen reissued a “buy” rating on shares of U.S. Bancorp in a research note on Monday. Truist Financial lifted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Friday. The Goldman Sachs Group set a $52.00 target price on U.S. Bancorp and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.48.

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.