U.S. Bancorp (NYSE:USB) Shares Bought by Bokf Na

Bokf Na boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 29.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,955 shares of the financial services provider’s stock after buying an additional 52,684 shares during the quarter. Bokf Na’s holdings in U.S. Bancorp were worth $10,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Financial Network Inc. ADV acquired a new position in U.S. Bancorp during the fourth quarter worth about $5,440,000. Spinnaker Trust acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $220,000. Morningstar Investment Management LLC grew its position in shares of U.S. Bancorp by 760.8% in the fourth quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 74,094 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $4,073,000. Finally, abrdn plc grew its position in shares of U.S. Bancorp by 71.9% in the fourth quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock valued at $28,236,000 after purchasing an additional 272,976 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were acquired at an average price of $44.99 per share, with a total value of $449,900.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,900. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the topic of several research reports. Evercore ISI increased their price target on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Citigroup increased their price target on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Barclays decreased their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Jefferies Financial Group decreased their target price on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus price target of $47.76.

U.S. Bancorp Trading Up 0.8 %

NYSE:USB traded up $0.37 during trading hours on Friday, reaching $45.46. 5,681,656 shares of the company were exchanged, compared to its average volume of 9,558,748. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a market cap of $70.94 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 4.39 and a beta of 1.04. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.85. The stock has a 50 day simple moving average of $40.74 and a 200 day simple moving average of $41.52.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 3.9 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

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.