Swedbank AB increased its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 736,306 shares of the financial services provider’s stock after acquiring an additional 22,585 shares during the quarter. Swedbank AB’s holdings in U.S. Bancorp were worth $39,289,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in USB. Brighton Jones LLC boosted its holdings in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 36,863 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of U.S. Bancorp by 2.1% in the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after buying an additional 714 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of U.S. Bancorp by 18.9% in the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after buying an additional 6,252 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of U.S. Bancorp in the second quarter worth approximately $425,000. Finally, Nebula Research & Development LLC purchased a new position in shares of U.S. Bancorp in the second quarter worth approximately $701,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on USB shares. DA Davidson reissued a “buy” rating and issued a $65.00 price objective on shares of U.S. Bancorp in a report on Friday, April 17th. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, February 26th. Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. Oppenheimer raised their target price on shares of U.S. Bancorp from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, UBS Group restated a “neutral” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.20.
U.S. Bancorp Price Performance
NYSE USB opened at $54.85 on Monday. U.S. Bancorp has a 12 month low of $42.21 and a 12 month high of $61.19. The stock has a market cap of $85.14 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.99 and a beta of 1.00. The company’s 50 day moving average is $54.07 and its two-hundred day moving average is $53.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The company had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.61%.
Insider Activity at U.S. Bancorp
In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider owned 207,251 shares in the company, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.
U.S. Bancorp 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.
Read More
- Five stocks we like better than U.S. Bancorp
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB – Free Report).
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
