West Family Investments Inc. Takes $220,000 Position in U.S. Bancorp (NYSE:USB)

West Family Investments Inc. bought a new position in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,078 shares of the financial services provider’s stock, valued at approximately $220,000.

Other large investors also recently modified their holdings of the company. Mechanics Financial Corp lifted its position in U.S. Bancorp by 4.9% during the 4th quarter. Mechanics Financial Corp now owns 6,386 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 300 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of U.S. Bancorp by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 4,701,632 shares of the financial services provider’s stock valued at $203,487,000 after purchasing an additional 51,067 shares during the last quarter. FFT Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $269,000. First Trust Direct Indexing L.P. grew its stake in shares of U.S. Bancorp by 32.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 29,876 shares of the financial services provider’s stock worth $1,293,000 after buying an additional 7,272 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in U.S. Bancorp by 104.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 38,110 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 19,499 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.45 during trading on Friday, reaching $41.42. The company’s stock had a trading volume of 5,091,153 shares, compared to its average volume of 8,569,601. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. 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 firm has a market cap of $64.53 billion, a PE ratio of 13.71, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a 50-day moving average price of $42.32 and a two-hundred day moving average price of $40.35.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the company earned $1.16 earnings per share. U.S. Bancorp’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts forecast that U.S. Bancorp will post 3.85 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Analyst Ratings Changes

Several brokerages recently commented on USB. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Evercore ISI boosted their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Jefferies Financial Group raised their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, DA Davidson dropped their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.02.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Company 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.