Atria Wealth Solutions Inc. Has $2.66 Million Position in U.S. Bancorp (NYSE:USB)

Atria Wealth Solutions Inc. increased its position in U.S. Bancorp (NYSE:USB) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,244 shares of the financial services provider’s stock after buying an additional 8,750 shares during the period. Atria Wealth Solutions Inc.’s holdings in U.S. Bancorp were worth $2,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in USB. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the fourth quarter worth approximately $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $27,000. Legacy Financial Group LLC bought a new position in shares of U.S. Bancorp in the third quarter valued at approximately $30,000. Finally, Naples Money Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, April 8th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Oppenheimer decreased their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, Barclays decreased their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.14.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the business’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 completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James L. Chosy sold 21,582 shares of the business’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 completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 0.3 %

Shares of NYSE USB opened at $41.12 on Monday. The business has a fifty day moving average of $42.34 and a two-hundred day moving average of $40.21. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The stock has a market cap of $64.07 billion, a PE ratio of 13.62, a PEG ratio of 2.13 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.77%. U.S. Bancorp’s dividend payout ratio is 64.90%.

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.