Deane Retirement Strategies Inc. Buys New Holdings in U.S. Bancorp (NYSE:USB)

Deane Retirement Strategies Inc. bought a new stake in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, Holdings Channel.com reports. The firm bought 48,412 shares of the financial services provider’s stock, valued at approximately $2,095,000. U.S. Bancorp comprises 1.1% of Deane Retirement Strategies Inc.’s holdings, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of USB. Vestcor Inc boosted its holdings in shares of U.S. Bancorp by 0.7% in the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock valued at $1,460,000 after purchasing an additional 230 shares during the period. Acadian Asset Management LLC lifted its holdings in U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after buying an additional 276 shares during the period. Gamco Investors INC. ET AL lifted its holdings in U.S. Bancorp by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after buying an additional 280 shares during the period. Investors Research Corp lifted its holdings in U.S. Bancorp by 0.9% during the second quarter. Investors Research Corp now owns 35,268 shares of the financial services provider’s stock worth $1,165,000 after buying an additional 300 shares during the period. Finally, Perkins Capital Management Inc. lifted its holdings in U.S. Bancorp by 2.0% during the third quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock worth $495,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.67 during midday trading on Thursday, reaching $44.67. The company had a trading volume of 2,336,981 shares, compared to its average volume of 9,002,872. The company has a market capitalization of $69.60 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.24 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The firm’s fifty day simple moving average is $41.92 and its 200-day simple moving average is $38.80.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.85 billion. During the same quarter last year, the company posted $1.20 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that U.S. Bancorp will post 3.89 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 4.39%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 59.76%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Morgan Stanley upped their price target on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. Finally, Evercore ISI upped their price target on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.41.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related 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 transaction, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock valued at $2,535,903 over the last ninety days. Insiders own 0.23% of the company’s stock.

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.