Hohimer Wealth Management LLC has initiated a new position in U.S. Bancorp, purchasing 85,911 shares valued at approximately $4.15 million during the third quarter. This move comes as institutional ownership in U.S. Bancorp remains high, with 77.60% of the stock held by institutional investors. Analysts generally maintain a “Moderate Buy” rating for the company, which recently exceeded quarterly earnings estimates and offers a 3.6% dividend yield.
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Hohimer Wealth Management LLC Invests $4.15 Million in U.S. Bancorp $USB
Hohimer Wealth Management LLC has initiated a new position in U.S. Bancorp, purchasing 85,911 shares valued at approximately $4.15 million during the third quarter. This move comes as institutional ownership in U.S. Bancorp remains high, with 77.60% of the stock held by institutional investors. Analysts generally maintain a “Moderate Buy” rating for the company, which recently exceeded quarterly earnings estimates and offers a 3.6% dividend yield.