Avidian Wealth Solutions LLC Boosts Stock Holdings in U.S. Bancorp (NYSE:USB)

Avidian Wealth Solutions LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,435 shares of the financial services provider’s stock after purchasing an additional 330 shares during the period. Avidian Wealth Solutions LLC’s holdings in U.S. Bancorp were worth $466,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CGC Financial Services LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $26,000. Planned Solutions Inc. acquired a new stake in U.S. Bancorp during the 4th quarter valued at $27,000. Naples Money Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter valued at $30,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in U.S. Bancorp during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USB. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $47.00 price objective on shares of U.S. Bancorp in a report on Thursday, May 16th. JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a report on Thursday, June 27th. UBS Group decreased their price objective on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Evercore ISI raised their price objective on shares of U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.84.

U.S. Bancorp Price Performance

Shares of USB stock traded up $1.05 during midday trading on Thursday, reaching $41.85. 3,756,889 shares of the company were exchanged, compared to its average volume of 8,301,811. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The company has a market cap of $65.31 billion, a P/E ratio of 13.51, a PEG ratio of 3.81 and a beta of 1.04. The company’s 50 day moving average price is $40.13 and its two-hundred day moving average price is $41.47. 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 (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. On average, sell-side analysts expect that U.S. Bancorp will post 3.83 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.68%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

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.