Royal Fund Management LLC Boosts Stock Position in U.S. Bancorp $USB

Royal Fund Management LLC grew its position in U.S. Bancorp (NYSE:USB) by 44.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,399 shares of the financial services provider’s stock after purchasing an additional 26,456 shares during the period. Royal Fund Management LLC’s holdings in U.S. Bancorp were worth $4,612,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in shares of U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 184 shares during the period. Genesis Private Wealth LLC increased its holdings in U.S. Bancorp by 2.3% in the 4th quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock worth $445,000 after buying an additional 187 shares during the period. Lantz Financial LLC increased its holdings in U.S. Bancorp by 0.4% in the 4th quarter. Lantz Financial LLC now owns 49,360 shares of the financial services provider’s stock worth $2,634,000 after buying an additional 199 shares during the period. Park National Corp OH raised its position in U.S. Bancorp by 0.7% during the 4th quarter. Park National Corp OH now owns 27,364 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 200 shares during the last quarter. Finally, Romano Brothers AND Company raised its position in U.S. Bancorp by 2.4% during the 4th quarter. Romano Brothers AND Company now owns 9,156 shares of the financial services provider’s stock worth $489,000 after buying an additional 211 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

NYSE:USB opened at $50.85 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19. The stock’s 50-day moving average price is $55.12 and its 200-day moving average price is $51.82. The stock has a market capitalization of $78.92 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.U.S. Bancorp’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Analysts Set New Price Targets

USB has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Oppenheimer reduced their target price on shares of U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating for the company in a report on Friday. Argus boosted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Barclays upped their price target on shares of U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, Truist Financial raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the stock from $61.00 to $66.00 in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.52.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.