Apollon Wealth Management LLC Increases Investment in U.S. Bancorp

Apollon Wealth Management LLC has significantly boosted its investment in U.S. Bancorp (NYSE:USB) by 77.4% during the fourth quarter, as indicated by its latest 13F filing with the SEC. The firm now holds 28,907 shares of the financial services company's stock, having added an impressive 12,616 shares during this period. The total value of Apollon's holdings in U.S. Bancorp stands at approximately $1,383,000 according to the most recent SEC disclosure.

Other Institutional Adjustments

In addition to Apollon Wealth Management, several other institutional investors have also adjusted their positions in U.S. Bancorp. For instance, Winch Advisory Services LLC has increased its stake by an astounding 1,088.9% during the fourth quarter, now owning 535 shares valued at $26,000 after acquiring an additional 490 shares. Moreover, Frazier Financial Advisors LLC raised its holdings by 222.7% in the third quarter, bringing its total to 639 shares, worth $29,000 after buying 441 more shares.

Global Wealth Strategies & Associates also increased its stake by 70.8% this past quarter, with a total of 603 shares valued at around $29,000 after adding 250 shares. Similarly, Albion Financial Group UT lifted its investments by 92.8%, now owning 696 shares valued at $33,000 after purchasing 335 additional shares. Lastly, Global Trust Asset Management LLC initiated a new position valued at approximately $33,000 in the fourth quarter.

Overall, institutional investors hold 77.60% of U.S. Bancorp's shares, demonstrating significant confidence in the company's performance.

Current Stock Performance

As for U.S. Bancorp's stock performance, it opened at $46.88 on Tuesday, with a reported one-year low of $37.81 and a high of $53.98. The company's fifty-day moving average stands at $49.09, while the two-hundred-day moving average is at $47.47. U.S. Bancorp boasts a market capitalization of $73.14 billion, a price-to-earnings ratio of 12.37, and a beta of 1.04, indicating a slightly higher volatility compared to the overall market.

Latest Earnings and Dividend Announcements

U.S. Bancorp recently reported its quarterly earnings on January 16th, revealing an earnings per share (EPS) of $1.07 for the quarter, surpassing analysts’ expectations of $1.06 by $0.01. The company reported revenues of $7.01 billion, which was slightly above the estimated $7 billion. Also noteworthy is the firm’s net margin of 14.75% and a return on equity of 12.94%, coupled with a year-on-year revenue growth of 3.7%. For the current fiscal year, analysts predict U.S. Bancorp will post an EPS of 4.38.

Furthermore, U.S. Bancorp declared a quarterly dividend of $0.50 per share, recently paid out on January 15th. This translates into an annualized dividend of $2.00, yielding an attractive 4.27% for shareholders. The payout ratio currently sits at 52.77%.

Insider Transactions

In recent insider trading news, Terrance R. Dolan, an insider, sold 66,317 shares at an average price of $46.96, totaling approximately $3.11 million, representing a reduction of 24.05% in their stake. After this transaction, Dolan still holds about 209,482 shares worth approximately $9.84 million. Additionally, insider Jodi L. Richard sold 30,000 shares at an average price of $47.59, which amounted to about $1.43 million in total, reducing their position by 23.11%. Overall, insiders have sold 219,812 shares valued at $10.39 million in the last quarter, representing only 0.23% of the outstanding stock.

Analyst Ratings Update

Recent analyst ratings for U.S. Bancorp show a mix of perspectives. Deutsche Bank lowered its rating from "buy" to "hold" with a price target of $51.00. On the contrary, Stephens raised their target from $49.00 to $52.00 while maintaining an "equal weight" rating. Piper Sandler upgraded the stock from "neutral" to "overweight" with a new expectation of $58.00, while Truist Financial initiated a "hold" rating with a target of $54.00. Overall, the consensus rating from analysts is a "Moderate Buy", with an average price target of $54.21.

About U.S. Bancorp

U.S. Bancorp is a financial services holding company that delivers a plethora of financial services to individual customers, businesses, governmental organizations, and institutional clients throughout the United States. The company operates through several segments, including Wealth Management, Corporate Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support.

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