WCG Wealth Advisors LLC Purchases New Stake in U.S. Bancorp (NYSE:USB) (2024)

WCG Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,845 shares of the financial services provider’s stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also bought and sold shares of USB. Excalibur Management Corp grew its holdings in shares of U.S. Bancorp by 3.7% in the third quarter. Excalibur Management Corp now owns 10,091 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 360 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of U.S. Bancorp by 19.7% in the third quarter. Kestra Advisory Services LLC now owns 146,246 shares of the financial services provider’s stock worth $4,835,000 after purchasing an additional 24,040 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of U.S. Bancorp by 4.2% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 711,611 shares of the financial services provider’s stock worth $23,526,000 after purchasing an additional 28,406 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of U.S. Bancorp by 21.5% in the third quarter. Johnson Investment Counsel Inc. now owns 716,843 shares of the financial services provider’s stock worth $23,699,000 after purchasing an additional 126,618 shares during the last quarter. Finally, Truepoint Inc. grew its holdings in shares of U.S. Bancorp by 6.3% in the third quarter. Truepoint Inc. now owns 46,017 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 2,732 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Shailesh M. Kotwal sold 2,954 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $39.56, for a total value of $116,860.24. Following the completion of the sale, the insider now directly owns 119,768 shares of the company’s stock, valued at approximately $4,738,022.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy A. Welsh sold 12,100 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the sale, the insider now directly owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The disclosure for this sale can be found here. Insiders sold 66,439 shares of company stock valued at $2,865,224 in the last quarter. 0.24% of the stock is currently owned by insiders.

U.S. Bancorp Trading Down 0.1 %

U.S. Bancorp stock opened at $41.49 on Friday. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $48.67. The company has a market cap of $64.60 billion, a P/E ratio of 12.65, a P/E/G ratio of 2.11 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The business has a 50-day simple moving average of $42.31 and a two-hundred day simple moving average of $37.85.

U.S. Bancorp (NYSE:USB – Get Free Report) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.72%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.48. U.S. Bancorp’s dividend payout ratio is presently 59.76%.

Analyst Ratings Changes

Several equities analysts have commented on USB shares. TheStreet raised U.S. Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Stephens lowered U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 20th. The Goldman Sachs Group raised their price objective on U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, December 19th. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Friday, December 15th. Finally, StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.35.

View Our Latest Analysis on USB

U.S. Bancorp Company Profile

(Free Report)

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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.