U.S. Bancorp (NYSE:USB) Shares Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA grew its position in shares of U.S. Bancorp (NYSE:USB) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,596 shares of the financial services provider’s stock after purchasing an additional 719 shares during the period. Everett Harris & Co. CA’s holdings in U.S. Bancorp were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter worth about $84,000. Austin Private Wealth LLC boosted its stake in shares of U.S. Bancorp by 8.9% in the fourth quarter. Austin Private Wealth LLC now owns 5,423 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 445 shares during the period. Caprock Group LLC grew its stake in shares of U.S. Bancorp by 18.3% in the fourth quarter. Caprock Group LLC now owns 54,852 shares of the financial services provider’s stock worth $2,651,000 after acquiring an additional 8,486 shares in the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of U.S. Bancorp by 16.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 5,845 shares of the financial services provider’s stock valued at $280,000 after buying an additional 832 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in shares of U.S. Bancorp during the fourth quarter worth about $1,567,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $47.84 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm’s 50-day simple moving average is $49.80 and its 200 day simple moving average is $47.31. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The firm has a market capitalization of $74.63 billion, a PE ratio of 12.62, a P/E/G ratio of 1.77 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, equities research analysts predict that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 52.77%.

Analyst Ratings Changes

A number of research analysts recently issued reports on USB shares. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Monday, January 13th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research report on Thursday, October 17th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Robert W. Baird set a $54.00 price target on shares of U.S. Bancorp in a research note on Thursday, October 17th. Finally, Barclays boosted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $54.21.

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.