Resonant Capital Advisors LLC Has $2.27 Million Holdings in U.S. Bancorp $USB

Resonant Capital Advisors LLC lessened its position in shares of U.S. Bancorp (NYSE:USB) by 35.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,305 shares of the financial services provider’s stock after selling 23,609 shares during the period. Resonant Capital Advisors LLC’s holdings in U.S. Bancorp were worth $2,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Paulson Wealth Management Inc. lifted its holdings in shares of U.S. Bancorp by 2.0% during the fourth quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after buying an additional 173 shares in the last quarter. Gilbert & Cook Inc. increased its position in U.S. Bancorp by 1.2% during the fourth quarter. Gilbert & Cook Inc. now owns 15,590 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 184 shares during the period. Flputnam Investment Management Co. raised its stake in U.S. Bancorp by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 186 shares in the last quarter. Formidable Asset Management LLC raised its stake in U.S. Bancorp by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 186 shares in the last quarter. Finally, Genesis Private Wealth LLC boosted its holdings in U.S. Bancorp by 2.3% in the 4th quarter. Genesis Private Wealth LLC now owns 8,348 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday. Stephens assumed coverage on U.S. Bancorp in a research note on Monday, June 15th. They issued an “equal weight” rating and a $63.00 price target for the company. JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $57.50 to $65.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Royal Bank Of Canada raised their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.92.

U.S. Bancorp Price Performance

NYSE:USB traded up $0.49 on Tuesday, hitting $63.32. The company had a trading volume of 1,321,645 shares, compared to its average volume of 10,132,886. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $63.39. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $98.22 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.07 and a beta of 0.96. The firm has a 50 day moving average of $56.57 and a two-hundred day moving average of $55.51.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, research analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insiders Place Their Bets

In other news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

Trending Headlines about U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Jefferies upgraded U.S. Bancorp to Buy and raised its price target to $75, citing improving earnings leverage and fee-driven growth. Article Title
• Positive Sentiment: Wells Fargo lifted its price target on USB to $66 and maintained an Overweight rating, reflecting expectations for continued upside. Article Title
• Positive Sentiment: UBS Group also raised its price target on U.S. Bancorp to $66, highlighting further analyst confidence even though it kept a neutral stance. Article Title
• Neutral Sentiment: Additional coverage pointed to a constructive second-quarter earnings outlook for U.S. Bancorp, with commentary focusing on potential leverage and revenue growth rather than a fresh catalyst. Article Title

U.S. Bancorp 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.