Nisa Investment Advisors LLC Has $20.44 Million Stock Position in U.S. Bancorp (NYSE:USB)

Nisa Investment Advisors LLC increased its position in U.S. Bancorp (NYSE:USB) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,901 shares of the financial services provider’s stock after buying an additional 3,923 shares during the period. Nisa Investment Advisors LLC’s holdings in U.S. Bancorp were worth $20,439,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in USB. Genesis Private Wealth LLC bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $353,000. Simon Quick Advisors LLC increased its stake in U.S. Bancorp by 7.0% during the 4th quarter. Simon Quick Advisors LLC now owns 6,057 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 398 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in U.S. Bancorp by 16.6% during the fourth quarter. Atomi Financial Group Inc. now owns 28,019 shares of the financial services provider’s stock worth $1,340,000 after buying an additional 3,980 shares during the last quarter. LifePlan Financial LLC grew its holdings in shares of U.S. Bancorp by 21.0% during the fourth quarter. LifePlan Financial LLC now owns 30,700 shares of the financial services provider’s stock valued at $1,468,000 after buying an additional 5,328 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in shares of U.S. Bancorp by 3.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 45,630 shares of the financial services provider’s stock worth $2,182,000 after acquiring an additional 1,673 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stephens raised their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Compass Point lifted their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. DA Davidson raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $58.00 to $60.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a report on Thursday, October 24th. Finally, Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Price Performance

NYSE USB opened at $48.67 on Thursday. The company has a market cap of $75.93 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm’s 50-day simple moving average is $50.10 and its two-hundred day simple moving average is $47.02. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Research analysts predict that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.11%. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.