OneAscent Wealth Management LLC Raises Stock Position in U.S. Bancorp (NYSE:USB)

OneAscent Wealth Management LLC grew its position in U.S. Bancorp (NYSE:USB) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,659 shares of the financial services provider’s stock after buying an additional 398 shares during the period. U.S. Bancorp accounts for approximately 1.0% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. OneAscent Wealth Management LLC’s holdings in U.S. Bancorp were worth $2,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CGC Financial Services LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of U.S. Bancorp in the first quarter valued at $30,000. Finally, Naples Money Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Oppenheimer reduced their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group raised their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. cut shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price on the stock. in a report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp Stock Up 1.3 %

NYSE:USB traded up $0.50 on Friday, reaching $39.70. The stock had a trading volume of 12,212,239 shares, compared to its average volume of 8,161,955. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average of $40.35 and a 200 day moving average of $41.69. The stock has a market cap of $61.95 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. On average, research analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.94%. U.S. Bancorp’s payout ratio is 64.90%.

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.