Kelly Financial Services LLC Invests $3.87 Million in U.S. Bancorp (NYSE:USB)

Kelly Financial Services LLC purchased a new position in U.S. Bancorp (NYSE:USB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 80,954 shares of the financial services provider’s stock, valued at approximately $3,872,000. U.S. Bancorp accounts for about 1.2% of Kelly Financial Services LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors have also bought and sold shares of the company. Aaron Wealth Advisors LLC increased its holdings in U.S. Bancorp by 4.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,928 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 335 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of U.S. Bancorp by 5.2% in the fourth quarter. HB Wealth Management LLC now owns 194,036 shares of the financial services provider’s stock worth $9,281,000 after purchasing an additional 9,526 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of U.S. Bancorp by 13.2% in the fourth quarter. Arkadios Wealth Advisors now owns 104,112 shares of the financial services provider’s stock worth $4,980,000 after purchasing an additional 12,165 shares in the last quarter. Brooklyn Investment Group raised its position in shares of U.S. Bancorp by 8.6% in the fourth quarter. Brooklyn Investment Group now owns 5,202 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 410 shares during the period. Finally, Somerset Trust Co boosted its holdings in U.S. Bancorp by 4.8% in the 4th quarter. Somerset Trust Co now owns 28,087 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 1,293 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on USB shares. Compass Point boosted their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a report on Thursday, October 24th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $65.00 in a report on Monday, November 25th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research report on Monday, January 13th. Finally, DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $54.21.

U.S. Bancorp Stock Performance

NYSE:USB opened at $48.40 on Friday. The company has a market capitalization of $75.50 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.47 and a beta of 1.05. The business has a 50 day moving average of $50.18 and a 200 day moving average of $46.78. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the business posted $0.99 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that U.S. Bancorp will post 3.91 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 61.16%.

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.