Patton Albertson Miller Group LLC bought a new stake in U.S. Bancorp (NYSE:USB – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,382 shares of the financial services provider’s stock, valued at approximately $210,000.
Several other institutional investors and hedge funds have also bought and sold shares of USB. Grange Capital LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $689,000. AEGON ASSET MANAGEMENT UK Plc increased its holdings in U.S. Bancorp by 33.9% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 892,880 shares of the financial services provider’s stock worth $42,733,000 after buying an additional 226,117 shares during the last quarter. CFS Investment Advisory Services LLC increased its holdings in U.S. Bancorp by 7.7% during the fourth quarter. CFS Investment Advisory Services LLC now owns 18,939 shares of the financial services provider’s stock worth $906,000 after buying an additional 1,356 shares during the last quarter. Lantz Financial LLC lifted its stake in U.S. Bancorp by 1.0% in the fourth quarter. Lantz Financial LLC now owns 49,552 shares of the financial services provider’s stock valued at $2,370,000 after acquiring an additional 513 shares during the last quarter. Finally, CX Institutional grew its position in shares of U.S. Bancorp by 37.3% in the 4th quarter. CX Institutional now owns 24,413 shares of the financial services provider’s stock valued at $1,168,000 after acquiring an additional 6,631 shares during the period. Institutional investors own 77.60% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Compass Point raised their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley reduced their target price on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Piper Sandler upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Monday, January 13th. Royal Bank of Canada set a $53.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Finally, Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.21.
U.S. Bancorp Stock Performance
Shares of U.S. Bancorp stock opened at $49.00 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a market cap of $76.43 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The company has a 50 day moving average of $49.99 and a 200-day moving average of $47.15. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results 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. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.
U.S. Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.08%. U.S. Bancorp’s dividend payout ratio (DPR) 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.
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