U.S. Bancorp (NYSE:USB) Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lowered its stake in U.S. Bancorp (NYSE:USB) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,708 shares of the financial services provider’s stock after selling 566 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in shares of U.S. Bancorp in the second quarter valued at $9,198,000. Canada Pension Plan Investment Board lifted its holdings in U.S. Bancorp by 22.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 329,245 shares of the financial services provider’s stock worth $13,071,000 after buying an additional 59,284 shares in the last quarter. Pacer Advisors Inc. boosted its position in 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 valued at $4,434,000 after buying an additional 4,910 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of U.S. Bancorp by 8.5% during the second quarter. Ensign Peak Advisors Inc now owns 424,102 shares of the financial services provider’s stock valued at $16,837,000 after acquiring an additional 33,120 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of U.S. Bancorp by 5.1% during the second quarter. ProShare Advisors LLC now owns 316,903 shares of the financial services provider’s stock worth $12,581,000 after acquiring an additional 15,263 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USB has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research note on Thursday, October 24th. Compass Point raised their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Raymond James raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Thursday, December 19th. Truist Financial assumed coverage on shares of U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Finally, Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Up 2.0 %

USB stock opened at $49.33 on Wednesday. The stock has a market cap of $76.96 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. The firm’s 50-day simple moving average is $50.13 and its 200 day simple moving average is $46.94. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.35 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.05%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is currently 52.77%.

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.