Rialto Wealth Management LLC Buys New Position in U.S. Bancorp (NYSE:USB)

Rialto Wealth Management LLC purchased a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 694 shares of the financial services provider’s stock, valued at approximately $33,000.

Several other large investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in shares of U.S. Bancorp by 44.7% in the 4th quarter. Larson Financial Group LLC now owns 15,629 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 4,829 shares during the period. AMF Tjanstepension AB raised its stake in U.S. Bancorp by 78.0% in the fourth quarter. AMF Tjanstepension AB now owns 947,382 shares of the financial services provider’s stock worth $45,382,000 after buying an additional 415,277 shares in the last quarter. Banco Santander S.A. purchased a new stake in U.S. Bancorp in the fourth quarter worth about $327,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in U.S. Bancorp by 40.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,556,680 shares of the financial services provider’s stock valued at $79,570,000 after acquiring an additional 447,251 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its holdings in shares of U.S. Bancorp by 101.9% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 41,102 shares of the financial services provider’s stock worth $1,966,000 after acquiring an additional 20,745 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares in the company, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on USB shares. Morgan Stanley lowered their target price on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Thursday, December 19th. Barclays upped their target price 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. Truist Financial initiated coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price target for the company. Finally, Compass Point upped their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Trading Up 0.9 %

Shares of NYSE:USB opened at $44.77 on Monday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The stock’s fifty day moving average price is $47.54 and its 200-day moving average price is $47.93. The company has a market cap of $69.84 billion, a P/E ratio of 11.81, a PEG ratio of 1.73 and a beta of 1.02. 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 (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

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.