GenTrust LLC Acquires Shares of 4,166 U.S. Bancorp (NYSE:USB)

GenTrust LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,166 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently made changes to their positions in USB. Whipplewood Advisors LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $362,000. Carlson Capital L.P. bought a new position in U.S. Bancorp in the fourth quarter worth approximately $1,406,000. Checchi Capital Advisers LLC increased its holdings in U.S. Bancorp by 3.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,683 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 311 shares during the period. Impact Investors Inc bought a new stake in U.S. Bancorp during the 4th quarter valued at $341,000. Finally, Fjell Capital LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at $216,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on USB shares. Morgan Stanley cut their price target on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Monday, January 13th. Truist Financial began coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price target for the company. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $65.00 in a report on Monday, November 25th. Finally, Wells Fargo & Company boosted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

Insider Buying and Selling

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

U.S. Bancorp Stock Up 1.0 %

NYSE:USB opened at $46.22 on Friday. The company’s 50 day moving average is $47.93 and its two-hundred day moving average is $47.76. The company has a market cap of $72.10 billion, a PE ratio of 12.20, a P/E/G ratio of 1.73 and a beta of 1.04. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. Analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

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