Vise Technologies Inc. Takes $1.26 Million Position in U.S. Bancorp $USB

Vise Technologies Inc. bought a new position in U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,787 shares of the financial services provider’s stock, valued at approximately $1,257,000.

A number of other large investors have also added to or reduced their stakes in the stock. IMG Wealth Management Inc. purchased a new position in U.S. Bancorp in the second quarter worth about $25,000. Saudi Central Bank bought a new position in U.S. Bancorp in the first quarter worth approximately $26,000. Activest Wealth Management boosted its stake in shares of U.S. Bancorp by 846.5% during the 2nd quarter. Activest Wealth Management now owns 814 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 728 shares during the last quarter. Groupe la Francaise purchased a new stake in shares of U.S. Bancorp in the 1st quarter worth $41,000. Finally, Meeder Asset Management Inc. raised its holdings in U.S. Bancorp by 118.4% in the 1st quarter. Meeder Asset Management Inc. now owns 987 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 535 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total value of $6,508,221.30. Following the sale, the chairman directly owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. This trade represents a 9.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the sale, the executive vice president owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.1%

NYSE USB opened at $47.84 on Thursday. The stock has a market cap of $74.37 billion, a PE ratio of 10.97, a PEG ratio of 1.25 and a beta of 1.10. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company’s 50-day moving average price is $47.90 and its 200-day moving average price is $46.00. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.52 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.60%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Bank of America raised their target price on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Truist Financial upped their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, October 20th. Finally, Wells Fargo & Company upped their price target on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.55.

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.