Compagnie Lombard Odier SCmA Buys 26,419 Shares of U.S. Bancorp (NYSE:USB)

Compagnie Lombard Odier SCmA lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 44.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 86,500 shares of the financial services provider’s stock after acquiring an additional 26,419 shares during the period. Compagnie Lombard Odier SCmA’s holdings in U.S. Bancorp were worth $4,137,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Values Added Financial LLC grew its position in U.S. Bancorp by 50.3% during the fourth quarter. Values Added Financial LLC now owns 6,971 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 2,333 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of U.S. Bancorp by 35.8% in the 4th quarter. Vontobel Holding Ltd. now owns 31,153 shares of the financial services provider’s stock valued at $1,490,000 after purchasing an additional 8,214 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of U.S. Bancorp by 4.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 7,483 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 288 shares during the last quarter. IMS Capital Management raised its position in U.S. Bancorp by 3.2% in the 4th quarter. IMS Capital Management now owns 49,467 shares of the financial services provider’s stock worth $2,366,000 after purchasing an additional 1,516 shares during the period. Finally, Pathway Financial Advisers LLC lifted its stake in U.S. Bancorp by 1.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 24,709 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 392 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on USB. Robert W. Baird set a $54.00 price objective on U.S. Bancorp in a report on Thursday, October 17th. Barclays lifted their price target on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company boosted their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

Insider Buying and Selling at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 0.3 %

U.S. Bancorp stock opened at $47.32 on Friday. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The company has a market capitalization of $73.83 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The business’s fifty day simple moving average is $48.80 and its two-hundred day simple moving average is $47.50. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.99 EPS. As a group, equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.23%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

About U.S. Bancorp

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.