San Luis Wealth Advisors LLC Purchases New Stake in U.S. Bancorp (NYSE:USB)

San Luis Wealth Advisors LLC purchased a new stake in U.S. Bancorp (NYSE:USBGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,196 shares of the financial services provider’s stock, valued at approximately $67,000.

Several other hedge funds have also added to or reduced their stakes in USB. Versant Capital Management Inc lifted its stake in U.S. Bancorp by 54.4% in the first quarter. Versant Capital Management Inc now owns 1,135 shares of the financial services provider’s stock valued at $60,000 after buying an additional 400 shares during the period. Arkadios Wealth Advisors lifted its stake in U.S. Bancorp by 107.1% in the first quarter. Arkadios Wealth Advisors now owns 20,610 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 10,658 shares during the period. Beacon Financial Group lifted its stake in U.S. Bancorp by 3.8% in the first quarter. Beacon Financial Group now owns 11,209 shares of the financial services provider’s stock valued at $614,000 after buying an additional 407 shares during the period. DNB Asset Management AS lifted its stake in U.S. Bancorp by 11.6% in the first quarter. DNB Asset Management AS now owns 329,048 shares of the financial services provider’s stock valued at $17,489,000 after buying an additional 34,169 shares during the period. Finally, Avestar Capital LLC lifted its stake in U.S. Bancorp by 28.8% in the first quarter. Avestar Capital LLC now owns 6,224 shares of the financial services provider’s stock valued at $334,000 after buying an additional 1,393 shares during the period. Institutional investors own 74.92% of the company’s stock.

U.S. Bancorp Stock Down 0.9 %

USB stock traded down $0.46 during mid-day trading on Wednesday, reaching $48.84. The company had a trading volume of 12,648 shares, compared to its average volume of 6,098,784. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.75 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $47.09 and a two-hundred day simple moving average of $51.41. The company has a market capitalization of $72.57 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.69 and a beta of 0.97. U.S. Bancorp has a 52 week low of $43.74 and a 52 week high of $63.57.

U.S. Bancorp (NYSE:USBGet Rating) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. U.S. Bancorp had a return on equity of 15.05% and a net margin of 28.08%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.89 billion. During the same period last year, the company earned $1.28 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts predict that U.S. Bancorp will post 4.48 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.46 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.84 annualized dividend and a dividend yield of 3.77%. U.S. Bancorp’s dividend payout ratio is currently 42.30%.

Analyst Upgrades and Downgrades

USB has been the topic of a number of research analyst reports. Credit Suisse Group dropped their price target on U.S. Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 19th. Wolfe Research dropped their price target on U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. Jefferies Financial Group decreased their price objective on U.S. Bancorp from $52.00 to $45.00 in a report on Monday, July 11th. Royal Bank of Canada decreased their price objective on U.S. Bancorp from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, July 1st. Finally, Piper Sandler set a $50.00 price objective on U.S. Bancorp in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $58.47.

U.S. Bancorp Profile

(Get Rating)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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