Western Financial Corp CA Buys 1,657 Shares of U.S. Bancorp (NYSE:USB)

Western Financial Corp CA raised its stake in shares of U.S. Bancorp (NYSE:USB) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,259 shares of the financial services provider’s stock after purchasing an additional 1,657 shares during the quarter. Western Financial Corp CA’s holdings in U.S. Bancorp were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC lifted its holdings in shares of U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 490 shares during the last quarter. Global Wealth Strategies & Associates raised its position in U.S. Bancorp by 70.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Frazier Financial Advisors LLC lifted its stake in U.S. Bancorp by 222.7% during the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 441 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth about $33,000. Finally, Albion Financial Group UT increased its position in shares of U.S. Bancorp by 92.8% during the 4th quarter. Albion Financial Group UT now owns 696 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.3 %

Shares of NYSE USB opened at $47.84 on Friday. The firm has a fifty day simple moving average of $49.71 and a two-hundred day simple moving average of $47.34. The firm has a market capitalization of $74.63 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share. Equities analysts expect that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.18%. U.S. Bancorp’s dividend payout ratio is presently 52.77%.

Analysts Set New Price Targets

Several analysts have issued reports on USB shares. Piper Sandler raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Monday, January 13th. Evercore ISI upped their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Thursday, December 19th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Truist Financial started coverage on U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price for the company. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp 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.