U.S. Bancorp $USB Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 25.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 575,386 shares of the financial services provider’s stock after acquiring an additional 115,073 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in U.S. Bancorp were worth $30,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clayton Financial Group LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth about $25,000. Guerra Advisors Inc acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $25,000. Financial Life Planners acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $26,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on USB. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Truist Financial cut their target price on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Royal Bank Of Canada raised their target price on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on U.S. Bancorp from $62.00 to $58.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 7th. Finally, Keefe, Bruyette & Woods raised their price target on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average target price of $61.18.

U.S. Bancorp Trading Down 0.3%

NYSE:USB opened at $56.85 on Wednesday. The stock’s 50 day moving average price is $54.36 and its 200 day moving average price is $52.49. The company has a market capitalization of $88.24 billion, a PE ratio of 11.92, a P/E/G ratio of 1.03 and a beta of 1.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52-week low of $38.16 and a 52-week high of $61.19.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, research analysts anticipate that U.S. Bancorp will post 5.07 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

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.