Aurdan Capital Management LLC Has $1.29 Million Stake in U.S. Bancorp $USB

Aurdan Capital Management LLC decreased its position in U.S. Bancorp (NYSE:USB) by 48.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,674 shares of the financial services provider’s stock after selling 25,382 shares during the period. Aurdan Capital Management LLC’s holdings in U.S. Bancorp were worth $1,289,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Guerra Advisors Inc acquired a new stake in U.S. Bancorp in the 3rd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $26,000. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp in the second quarter valued at about $25,000. Hillsdale Investment Management Inc. bought a new stake in U.S. Bancorp during the second quarter worth about $27,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in U.S. Bancorp during the third quarter worth about $31,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.4%

U.S. Bancorp stock opened at $59.17 on Friday. The company’s 50-day moving average price is $54.33 and its two-hundred day moving average price is $49.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $91.97 billion, a P/E ratio of 12.81, a P/E/G ratio of 1.07 and a beta of 1.06. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $60.60.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 3.5%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Cowen boosted their price target on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a research report on Wednesday. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Truist Financial boosted their price objective on shares of U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Finally, Argus upped their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.90.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.