Ronald Blue Trust Inc. Increases Stock Holdings in U.S. Bancorp (NYSE:USB)

Posted by on Mar 25th, 2023

Ronald Blue Trust Inc. lifted its stake in U.S. Bancorp (NYSE:USB – Get Rating) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,689 shares of the financial services provider’s stock after purchasing an additional 2,161 shares during the quarter. Ronald Blue Trust Inc.’s holdings in U.S. Bancorp were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Delta Capital Management LLC boosted its holdings in shares of U.S. Bancorp by 0.9% in the 4th quarter. Delta Capital Management LLC now owns 35,510 shares of the financial services provider’s stock worth $1,549,000 after purchasing an additional 300 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $55,000. Hexagon Capital Partners LLC boosted its holdings in shares of U.S. Bancorp by 8.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,692 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 291 shares during the period. First Heartland Consultants Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $346,000. Finally, Merit Financial Group LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $1,094,000. Hedge funds and other institutional investors own 71.83% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $34.90 on Friday. The stock has a market capitalization of $53.46 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.16 and a beta of 0.98. U.S. Bancorp has a twelve month low of $32.72 and a twelve month high of $57.92. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $45.23 and a 200 day moving average of $44.08.

U.S. Bancorp (NYSE:USB – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.09. The company had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.61 billion. U.S. Bancorp had a return on equity of 16.13% and a net margin of 21.26%. U.S. Bancorp’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 4.97 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.50%. U.S. Bancorp’s payout ratio is currently 51.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on USB shares. Credit Suisse Group raised their price target on U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 1st. Morgan Stanley decreased their price target on U.S. Bancorp from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft decreased their price target on U.S. Bancorp from $60.00 to $52.00 in a research note on Friday, January 6th. Finally, Barclays raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $62.00 to $68.00 in a research note on Tuesday, January 3rd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.42.

About U.S. Bancorp

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

See Also

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

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