Alley Investment Management Company LLC Increases Holdings in U.S. Bancorp (NYSE:USB)

Alley Investment Management Company LLC lifted its position in U.S. Bancorp (NYSE:USB) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 139,557 shares of the financial services provider’s stock after buying an additional 4,758 shares during the period. Alley Investment Management Company LLC’s holdings in U.S. Bancorp were worth $6,675,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of USB. Farther Finance Advisors LLC lifted its holdings in U.S. Bancorp by 55.5% during the third quarter. Farther Finance Advisors LLC now owns 13,937 shares of the financial services provider’s stock worth $637,000 after buying an additional 4,976 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in U.S. Bancorp by 3.6% during the third quarter. Chicago Partners Investment Group LLC now owns 12,747 shares of the financial services provider’s stock worth $619,000 after buying an additional 446 shares during the period. Angeles Wealth Management LLC purchased a new stake in U.S. Bancorp during the third quarter worth $208,000. Robeco Institutional Asset Management B.V. lifted its holdings in U.S. Bancorp by 6.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 77,023 shares of the financial services provider’s stock worth $3,522,000 after buying an additional 4,356 shares during the period. Finally, Forum Financial Management LP lifted its holdings in U.S. Bancorp by 16.7% during the third quarter. Forum Financial Management LP now owns 12,363 shares of the financial services provider’s stock worth $565,000 after buying an additional 1,770 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $46.21 on Tuesday. The stock has a 50-day simple moving average of $47.87 and a two-hundred day simple moving average of $47.90. The firm has a market capitalization of $72.08 billion, a P/E ratio of 12.19, a PEG ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

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 the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the business earned $0.99 EPS. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.33%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Insider Activity at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the transaction, the executive vice president now owns 198,127 shares of the company’s stock, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock worth $10,385,665 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on USB. Oppenheimer increased their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company increased their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Monday, January 13th. Barclays increased their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $65.00 in a report on Monday, November 25th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus 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.