Rise Advisors LLC Has $164,000 Position in U.S. Bancorp (NYSE:USB)

Rise Advisors LLC lifted its position in U.S. Bancorp (NYSE:USB) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,964 shares of the financial services provider’s stock after purchasing an additional 362 shares during the quarter. Rise Advisors LLC’s holdings in U.S. Bancorp were worth $164,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in U.S. Bancorp by 130,768.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock worth $2,628,544,000 after acquiring an additional 60,227,825 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of U.S. Bancorp by 912.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,756,814 shares of the financial services provider’s stock worth $1,428,525,000 after buying an additional 29,521,176 shares during the last quarter. FMR LLC lifted its stake in shares of U.S. Bancorp by 61.3% in the 1st quarter. FMR LLC now owns 39,195,702 shares of the financial services provider’s stock valued at $1,413,005,000 after purchasing an additional 14,892,212 shares during the period. Norges Bank acquired a new position in U.S. Bancorp in the fourth quarter valued at about $644,436,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of U.S. Bancorp by 101.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,361,450 shares of the financial services provider’s stock valued at $492,609,000 after acquiring an additional 5,716,555 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.57 during trading hours on Friday, hitting $35.15. The stock had a trading volume of 46,217,261 shares, compared to its average volume of 14,275,460. The firm has a market capitalization of $53.88 billion, a PE ratio of 9.74, a PEG ratio of 1.58 and a beta of 0.98. The stock’s 50 day moving average is $37.23 and its 200 day moving average is $35.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Bancorp has a twelve month low of $27.27 and a twelve month high of $49.95.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.01). U.S. Bancorp had a return on equity of 16.53% and a net margin of 16.59%. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period last year, the firm earned $1.09 EPS. U.S. Bancorp’s revenue was up 19.7% compared to the same quarter last year. As a group, research analysts forecast that U.S. Bancorp will post 4.44 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.92 annualized dividend and a dividend yield of 5.46%. U.S. Bancorp’s dividend payout ratio is currently 53.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on U.S. Bancorp from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley reissued an “equal weight” rating and set a $45.00 price target on shares of U.S. Bancorp in a research report on Friday, August 4th. The Goldman Sachs Group lifted their price target on U.S. Bancorp from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 20th. Bank of America upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $38.00 to $40.00 in a research note on Tuesday, July 11th. Finally, Stephens reaffirmed an “overweight” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.71.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Timothy A. Welsh sold 13,816 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $39.79, for a total value of $549,738.64. Following the transaction, the insider now owns 119,058 shares in the company, valued at approximately $4,737,317.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other U.S. Bancorp news, CFO Terrance R. Dolan sold 26,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.75, for a total value of $1,033,500.00. Following the sale, the chief financial officer now directly owns 166,992 shares in the company, valued at $6,637,932. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timothy A. Welsh sold 13,816 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $39.79, for a total transaction of $549,738.64. Following the sale, the insider now owns 119,058 shares in the company, valued at approximately $4,737,317.82. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.