7,188 Shares in U.S. Bancorp (NYSE:USB) Acquired by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,188 shares of the financial services provider’s stock, valued at approximately $311,000.

Other large investors have also modified their holdings of the company. Scotia Capital Inc. increased its holdings in shares of U.S. Bancorp by 2.9% in the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 990 shares during the period. Spinnaker Trust purchased a new position in U.S. Bancorp during the 4th quarter worth $220,000. Tealwood Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after acquiring an additional 15,665 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $4,073,000. Finally, abrdn plc increased its stake in shares of U.S. Bancorp by 71.9% during the fourth quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock worth $28,236,000 after acquiring an additional 272,976 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Down 0.6 %

Shares of U.S. Bancorp stock traded down $0.24 during trading hours on Tuesday, hitting $41.58. The company’s stock had a trading volume of 8,662,696 shares, compared to its average volume of 8,547,157. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $64.88 billion, a PE ratio of 13.77, a P/E/G ratio of 2.16 and a beta of 1.05. The business has a fifty day moving average of $42.35 and a 200 day moving average of $40.64. U.S. Bancorp has a 1-year low of $28.53 and a 1-year high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. As a group, equities analysts forecast that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on USB. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Morgan Stanley lifted their price target on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Evercore ISI raised their target price on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Royal Bank of Canada increased their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.02.

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.