22,063 Shares in U.S. Bancorp $USB Acquired by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC acquired a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 22,063 shares of the financial services provider’s stock, valued at approximately $1,177,000.

Several other large investors also recently bought and sold shares of USB. Financial Life Planners acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $25,000. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $28,000. Binnacle Investments Inc grew its position in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares in the last quarter. Finally, Rossby Financial LCC grew its position in U.S. Bancorp by 57.8% in the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Royal Bank Of Canada increased their price objective on shares of U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Stephens assumed coverage on shares of U.S. Bancorp in a research report on Monday. They issued an “equal weight” rating and a $63.00 price objective for the company. Finally, Barclays increased their price objective on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.29.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $57.78 on Tuesday. The stock has a market cap of $89.63 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $55.34 and a 200-day moving average of $54.64. U.S. Bancorp has a 52 week low of $42.55 and a 52 week high of $61.19.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. On average, analysts expect that U.S. Bancorp will post 5.07 EPS for the current fiscal year.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.