M Holdings Securities Inc. Acquires New Shares in U.S. Bancorp $USB

M Holdings Securities Inc. acquired a new position in U.S. Bancorp (NYSE:USB) in the 3rd quarter, Holdings Channel reports. The firm acquired 13,615 shares of the financial services provider’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USB. Parcion Private Wealth LLC raised its position in U.S. Bancorp by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock valued at $2,581,000 after purchasing an additional 218 shares during the period. Modern Wealth Management LLC grew its holdings in shares of U.S. Bancorp by 1.0% during the 3rd quarter. Modern Wealth Management LLC now owns 22,493 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 221 shares during the period. Diversify Advisory Services LLC increased its position in shares of U.S. Bancorp by 4.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 232 shares during the last quarter. Bogart Wealth LLC raised its holdings in U.S. Bancorp by 4.4% in the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after buying an additional 234 shares during the period. Finally, Hoxton Planning & Management LLC raised its holdings in U.S. Bancorp by 3.4% in the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock valued at $339,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

USB has been the subject of several research analyst reports. Barclays increased their target price on shares of U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Royal Bank Of Canada increased their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Argus boosted their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.02.

U.S. Bancorp Stock Down 0.9%

Shares of NYSE:USB opened at $51.00 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $79.17 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The firm’s 50-day moving average is $55.86 and its two-hundred day moving average is $51.58. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

U.S. Bancorp Company 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.