U.S. Bancorp (NYSE:USB) Stake Raised by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC increased its holdings in U.S. Bancorp (NYSE:USB) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,418 shares of the financial services provider’s stock after buying an additional 4,082 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in U.S. Bancorp were worth $18,241,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in shares of U.S. Bancorp during the second quarter valued at approximately $9,198,000. Pacer Advisors Inc. raised its stake in shares of U.S. Bancorp by 4.6% in the 2nd quarter. Pacer Advisors Inc. now owns 111,691 shares of the financial services provider’s stock worth $4,434,000 after buying an additional 4,910 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of U.S. Bancorp by 6.1% in the second quarter. Mount Yale Investment Advisors LLC now owns 9,009 shares of the financial services provider’s stock valued at $358,000 after buying an additional 520 shares during the period. Evergreen Capital Management LLC boosted its stake in U.S. Bancorp by 8.7% during the second quarter. Evergreen Capital Management LLC now owns 14,736 shares of the financial services provider’s stock valued at $592,000 after buying an additional 1,183 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in U.S. Bancorp by 1,438.4% during the second quarter. Marshall Wace LLP now owns 2,263,296 shares of the financial services provider’s stock worth $89,853,000 after acquiring an additional 2,116,175 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 1.3 %

Shares of USB stock opened at $48.67 on Thursday. The company has a market capitalization of $75.93 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.83 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock’s 50 day simple moving average is $50.10 and its 200 day simple moving average is $47.02. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. As a group, research analysts predict that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.11%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Thursday, October 24th. Barclays increased their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Evercore ISI lifted their target price on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Truist Financial assumed coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 target price for the company. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

About U.S. Bancorp

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.