Zurcher Kantonalbank Zurich Cantonalbank Purchases 218,132 Shares of U.S. Bancorp (NYSE:USB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in U.S. Bancorp (NYSE:USB) by 80.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,178 shares of the financial services provider’s stock after purchasing an additional 218,132 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in U.S. Bancorp were worth $21,215,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CGC Financial Services LLC purchased a new stake in U.S. Bancorp in the 4th quarter worth $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $27,000. Legacy Financial Group LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $30,000. Finally, First Command Advisory Services Inc. bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of several analyst reports. Piper Sandler reissued a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. StockNews.com lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Evercore ISI lifted their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Finally, HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average target price of $47.41.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the transaction, the executive vice president now owns 164,880 shares in the company, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 3.6 %

NYSE USB opened at $39.52 on Thursday. The company has a market capitalization of $61.58 billion, a PE ratio of 12.05, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a fifty day moving average of $42.33 and a 200 day moving average of $39.72. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. Research analysts forecast that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.96%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 59.76%.

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.