U.S. Bancorp (NYSE:USB) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its position in shares of U.S. Bancorp (NYSE:USB) by 121.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,933 shares of the financial services provider’s stock after acquiring an additional 1,061 shares during the period. Y.D. More Investments Ltd’s holdings in U.S. Bancorp were worth $92,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its holdings in U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after purchasing an additional 76,914 shares during the period. Czech National Bank lifted its position in shares of U.S. Bancorp by 6.9% during the 3rd quarter. Czech National Bank now owns 317,882 shares of the financial services provider’s stock valued at $14,537,000 after buying an additional 20,522 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in U.S. Bancorp by 11.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,898 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 834 shares during the period. Aprio Wealth Management LLC purchased a new stake in U.S. Bancorp in the 3rd quarter worth $303,000. Finally, Callan Family Office LLC raised its position in U.S. Bancorp by 15.4% during the third quarter. Callan Family Office LLC now owns 6,195 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 829 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp 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 sale, the chief executive officer now owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This trade represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on USB shares. Piper Sandler raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Monday, January 13th. DA Davidson upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Truist Financial initiated coverage on U.S. Bancorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 target price on the stock. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $49.00 to $65.00 in a research report on Monday, November 25th. Finally, Morgan Stanley decreased their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Stock Down 0.3 %

USB stock opened at $47.33 on Thursday. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The firm has a market cap of $73.83 billion, a PE ratio of 12.49, a PEG ratio of 1.77 and a beta of 1.04. The firm’s 50 day moving average price is $49.45 and its 200-day moving average price is $47.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. On average, equities research analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. U.S. Bancorp’s payout ratio is currently 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.