U.S. Bancorp (NYSE:USB) Shares Acquired by Sunpointe LLC

Sunpointe LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,154 shares of the financial services provider’s stock after buying an additional 459 shares during the quarter. Sunpointe LLC’s holdings in U.S. Bancorp were worth $732,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. LMG Wealth Partners LLC increased its holdings in shares of U.S. Bancorp by 0.7% in the fourth quarter. LMG Wealth Partners LLC now owns 127,287 shares of the financial services provider’s stock valued at $6,088,000 after purchasing an additional 857 shares during the period. Ieq Capital LLC increased its holdings in U.S. Bancorp by 15.6% in the 4th quarter. Ieq Capital LLC now owns 81,050 shares of the financial services provider’s stock worth $3,877,000 after buying an additional 10,935 shares during the period. Emerald Advisors LLC increased its holdings in U.S. Bancorp by 4.2% in the 4th quarter. Emerald Advisors LLC now owns 12,410 shares of the financial services provider’s stock worth $594,000 after buying an additional 499 shares during the period. Private Advisor Group LLC raised its position in U.S. Bancorp by 2.4% during the 4th quarter. Private Advisor Group LLC now owns 117,252 shares of the financial services provider’s stock worth $5,608,000 after buying an additional 2,709 shares during the last quarter. Finally, Financial Perspectives Inc boosted its holdings in shares of U.S. Bancorp by 2.3% in the 4th quarter. Financial Perspectives Inc now owns 20,241 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 447 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. This represents a 9.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of several recent research reports. Oppenheimer raised their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Compass Point upped their target price on U.S. Bancorp from $49.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective on the stock. in a research report on Thursday, October 24th. Finally, 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 report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Stock Performance

NYSE USB opened at $47.10 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $48.38 and its 200-day simple moving average is $47.61. The company has a market cap of $73.48 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 1-year low of $37.81 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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 company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 yield of 4.25%. U.S. Bancorp’s payout ratio is 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.