12,432 Shares in U.S. Bancorp $USB Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC acquired a new position in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,432 shares of the financial services provider’s stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Clayton Financial Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at $25,000. JPL Wealth Management LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at $28,000. Westfuller Advisors LLC increased its holdings in shares of U.S. Bancorp by 54.7% in the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 215 shares during the period. Finally, Binnacle Investments Inc increased its holdings in shares of U.S. Bancorp by 77.8% in the 3rd 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 during the period. Institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

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

U.S. Bancorp Stock Up 0.4%

U.S. Bancorp stock opened at $55.70 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $86.39 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a 1-year low of $42.55 and a 1-year high of $61.19. The business has a fifty day moving average price of $54.71 and a 200-day moving average price of $54.16.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Equities research analysts forecast that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.61%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on USB shares. DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. Oppenheimer lifted their price target on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Morgan Stanley set a $64.00 price target on U.S. Bancorp in a report on Friday, April 17th. Finally, Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $61.20.

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.