Arkadios Wealth Advisors Grows Stock Holdings in U.S. Bancorp (NYSE:USB)

Arkadios Wealth Advisors raised its stake in U.S. Bancorp (NYSE:USB – Get Rating) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,342 shares of the financial services provider’s stock after buying an additional 7,048 shares during the period. Arkadios Wealth Advisors’ holdings in U.S. Bancorp were worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in USB. FMR LLC boosted its position in U.S. Bancorp by 32.0% in the 2nd quarter. FMR LLC now owns 23,223,435 shares of the financial services provider’s stock valued at $1,068,742,000 after buying an additional 5,628,247 shares during the period. Federated Hermes Inc. boosted its position in U.S. Bancorp by 89.0% in the 2nd quarter. Federated Hermes Inc. now owns 5,621,335 shares of the financial services provider’s stock valued at $258,694,000 after buying an additional 2,646,898 shares during the period. Renaissance Technologies LLC boosted its position in U.S. Bancorp by 100.5% in the 3rd quarter. Renaissance Technologies LLC now owns 5,262,600 shares of the financial services provider’s stock valued at $212,188,000 after buying an additional 2,637,400 shares during the period. Balyasny Asset Management LLC purchased a new stake in U.S. Bancorp in the 3rd quarter valued at about $95,568,000. Finally, Two Sigma Investments LP boosted its position in U.S. Bancorp by 197.9% in the 3rd quarter. Two Sigma Investments LP now owns 3,081,787 shares of the financial services provider’s stock valued at $124,258,000 after buying an additional 2,047,150 shares during the period. 71.83% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Down 9.4 %

Shares of U.S. Bancorp stock opened at $32.95 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90. U.S. Bancorp has a 12-month low of $32.72 and a 12-month high of $57.92. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.12 and a beta of 0.98. The firm’s 50 day simple moving average is $46.40 and its two-hundred day simple moving average is $44.42.

U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. U.S. Bancorp had a net margin of 21.26% and a return on equity of 16.13%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the prior year, the business posted $1.07 EPS. U.S. Bancorp’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 5.01 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.92 dividend on an annualized basis and a yield of 5.83%. U.S. Bancorp’s payout ratio is 51.75%.

Analysts Set New Price Targets

Several research firms have issued reports on USB. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of U.S. Bancorp from $60.00 to $52.00 in a research report on Friday, January 6th. Piper Sandler reduced their price target on shares of U.S. Bancorp from $57.00 to $53.00 in a report on Friday, March 10th. Keefe, Bruyette & Woods upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $52.00 to $58.00 in a report on Monday, December 12th. UBS Group upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the company from $47.00 to $55.00 in a report on Tuesday, January 10th. Finally, Barclays upgraded shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $62.00 to $68.00 in a report on Tuesday, January 3rd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.83.

U.S. Bancorp Profile

(Get Rating)

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.