Arbor Capital Management Inc. ADV Acquires 387 Shares of U.S. Bancorp (NYSE:USB)

Arbor Capital Management Inc. ADV grew its holdings in U.S. Bancorp (NYSE:USB) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,063 shares of the financial services provider’s stock after acquiring an additional 387 shares during the period. U.S. Bancorp accounts for approximately 1.5% of Arbor Capital Management Inc. ADV’s holdings, making the stock its 25th largest position. Arbor Capital Management Inc. ADV’s holdings in U.S. Bancorp were worth $1,538,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC lifted its stake in shares of U.S. Bancorp by 7.0% in the third quarter. OneDigital Investment Advisors LLC now owns 34,294 shares of the financial services provider’s stock worth $1,568,000 after buying an additional 2,232 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of U.S. Bancorp by 9.4% in the third quarter. Empowered Funds LLC now owns 27,618 shares of the financial services provider’s stock worth $1,263,000 after buying an additional 2,375 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of U.S. Bancorp by 103.3% in the third quarter. Mizuho Securities USA LLC now owns 244,622 shares of the financial services provider’s stock worth $11,187,000 after buying an additional 124,301 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of U.S. Bancorp by 16.6% in the third quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider’s stock worth $18,348,000 after buying an additional 56,990 shares during the last quarter. Finally, Accredited Investors Inc. lifted its stake in shares of U.S. Bancorp by 14.2% in the third quarter. Accredited Investors Inc. now owns 65,890 shares of the financial services provider’s stock worth $3,013,000 after buying an additional 8,187 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $42.06 on Monday. The company has a market capitalization of $65.53 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.73 and a beta of 1.02. The firm’s 50 day simple moving average is $46.90 and its 200 day simple moving average is $47.80. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.75%. U.S. Bancorp’s dividend payout ratio is 52.77%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USB. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price for the company. Compass Point upped their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Thursday, December 19th. Finally, Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the sale, the chief executive officer now directly owns 1,230,316 shares in the company, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company’s stock.

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.