MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.87 Million Stock Position in U.S. Bancorp (NYSE:USB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in U.S. Bancorp (NYSE:USB) by 1,408.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,457 shares of the financial services provider’s stock after acquiring an additional 55,516 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in U.S. Bancorp were worth $2,869,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of USB. McGlone Suttner Wealth Management Inc. boosted its stake in shares of U.S. Bancorp by 6.5% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 10,341 shares of the financial services provider’s stock valued at $495,000 after buying an additional 633 shares during the period. Brighton Jones LLC raised its holdings in U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of U.S. Bancorp by 3.1% during the 4th quarter. Secure Asset Management LLC now owns 9,510 shares of the financial services provider’s stock valued at $455,000 after acquiring an additional 289 shares during the period. Red Door Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $256,000. Finally, Donoghue Forlines LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $1,460,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the subject of several recent analyst reports. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 17th. Morgan Stanley cut their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Piper Sandler upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 price target on the stock in a research report on Monday, January 13th. Stephens boosted their price objective 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. Finally, Truist Financial began coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Trading Down 0.4 %

Shares of U.S. Bancorp stock opened at $48.44 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 $75.56 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The stock has a fifty day simple moving average of $50.05 and a 200 day simple moving average of $47.03. 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 released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 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 return on equity of 12.94% and a net margin of 14.75%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.37 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

U.S. Bancorp 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.