Private Advisor Group LLC Sells 13,654 Shares of U.S. Bancorp $USB

Private Advisor Group LLC reduced its stake in U.S. Bancorp (NYSE:USB) by 13.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,315 shares of the financial services provider’s stock after selling 13,654 shares during the period. Private Advisor Group LLC’s holdings in U.S. Bancorp were worth $4,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Financial Life Planners bought a new stake in shares of U.S. Bancorp in the 3rd quarter worth about $25,000. Clayton Financial Group LLC bought a new position in U.S. Bancorp during the 4th quarter valued at about $25,000. JPL Wealth Management LLC acquired a new position in U.S. Bancorp in the third quarter valued at about $28,000. Binnacle Investments Inc grew its position in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 273 shares during the last quarter. Finally, Rossby Financial LCC raised its position in U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 212 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Trending Headlines about U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Jefferies upgraded U.S. Bancorp to Buy and raised its price target to $75, citing improving earnings leverage and fee-driven growth. Article Title
• Positive Sentiment: Wells Fargo boosted its price target on U.S. Bancorp to $66 and reiterated an Overweight rating, while UBS also lifted its target to $66. Article Title
• Positive Sentiment: Elavon, a wholly owned U.S. Bank subsidiary, partnered with Wix to launch unified commerce solutions for small businesses, potentially supporting payment-processing and merchant-services growth. Article Title
• Neutral Sentiment: Additional market commentary noted U.S. Bancorp shares have meaningful upside to analyst targets, reinforcing a constructive but mixed overall rating picture. Article Title

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of U.S. Bancorp from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Royal Bank Of Canada upped their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $65.00 price objective on shares of U.S. Bancorp in a report on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $63.92.

U.S. Bancorp Stock Performance

USB stock opened at $62.90 on Wednesday. U.S. Bancorp has a 1-year low of $43.46 and a 1-year high of $63.39. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm has a market cap of $97.57 billion, a PE ratio of 13.19, a P/E/G ratio of 1.09 and a beta of 0.96. The business’s 50-day moving average price is $56.84 and its two-hundred day moving average price is $55.64.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s payout ratio is presently 43.61%.

U.S. Bancorp Profile

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.