Albion Financial Group UT Acquires 335 Shares of U.S. Bancorp (NYSE:USB)

Albion Financial Group UT boosted its holdings in U.S. Bancorp (NYSE:USB) by 92.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696 shares of the financial services provider’s stock after purchasing an additional 335 shares during the quarter. Albion Financial Group UT’s holdings in U.S. Bancorp were worth $33,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Winch Advisory Services LLC boosted its position in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the last quarter. Frazier Financial Advisors LLC lifted its stake in U.S. Bancorp by 222.7% in the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at about $33,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth about $38,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on USB shares. Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $54.00 price target on the stock. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Stephens increased their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $48.67 on Thursday. 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 company has a market capitalization of $75.93 billion, a PE ratio of 12.84, a P/E/G ratio of 1.80 and a beta of 1.05. The company has a 50 day moving average price of $50.10 and a 200-day moving average price of $47.02. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the company posted $0.99 EPS. U.S. Bancorp’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

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

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.