Kolinsky Wealth Management LLC Has $425,000 Position in U.S. Bancorp (NYSE:USB)

Kolinsky Wealth Management LLC lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,885 shares of the financial services provider’s stock after purchasing an additional 508 shares during the period. Kolinsky Wealth Management LLC’s holdings in U.S. Bancorp were worth $425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Capital Performance Advisors LLP raised its holdings in shares of U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 210 shares during the period. Covestor Ltd increased its position in U.S. Bancorp by 12.3% during the fourth quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock worth $94,000 after buying an additional 214 shares during the last quarter. Priebe Wealth Holdings LLC raised its stake in U.S. Bancorp by 4.4% in the fourth quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider’s stock valued at $243,000 after buying an additional 215 shares during the period. Strategic Blueprint LLC lifted its position in shares of U.S. Bancorp by 5.2% in the fourth quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider’s stock valued at $221,000 after buying an additional 226 shares during the last quarter. Finally, Tritonpoint Wealth LLC boosted its stake in shares of U.S. Bancorp by 4.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 4,891 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 230 shares during the period. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Down 0.9%

Shares of USB opened at $44.40 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market cap of $69.18 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm has a 50 day simple moving average of $40.92 and a 200-day simple moving average of $45.95.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period last year, the business posted $0.78 EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.50%. The ex-dividend date was Monday, March 31st. U.S. Bancorp’s payout ratio is currently 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on USB. The Goldman Sachs Group decreased their target price on U.S. Bancorp from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Piper Sandler cut their price target on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. DA Davidson reduced their target price on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Raymond James reaffirmed an “outperform” rating and issued a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Finally, Oppenheimer raised their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.89.

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.