Natural Investments LLC Makes New Investment in U.S. Bancorp (NYSE:USB)

Natural Investments LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, Holdings Channel reports. The firm purchased 16,823 shares of the financial services provider’s stock, valued at approximately $804,000.

A number of other hedge funds also recently bought and sold shares of USB. FMR LLC boosted its position in U.S. Bancorp by 32.7% during the third quarter. FMR LLC now owns 63,913,931 shares of the financial services provider’s stock worth $2,922,784,000 after purchasing an additional 15,746,852 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of U.S. Bancorp by 153.0% during the third quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider’s stock valued at $374,573,000 after acquiring an additional 4,807,662 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $184,733,000. Charles Schwab Investment Management Inc. raised its holdings in shares of U.S. Bancorp by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider’s stock valued at $2,381,443,000 after acquiring an additional 2,460,845 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $111,274,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays increased their target price on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Compass Point increased their target price on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Raymond James raised U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Thursday, December 19th. Finally, Truist Financial initiated coverage on U.S. Bancorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $54.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Trading Down 1.8 %

USB opened at $41.60 on Wednesday. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98. The business has a fifty day simple moving average of $47.29 and a 200-day simple moving average of $47.89. The firm has a market cap of $64.81 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.81%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 52.77%.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp 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 transaction, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the transaction, the insider now owns 99,790 shares of the company’s stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,812 shares of company stock worth $10,385,665. Company insiders own 0.23% of the company’s stock.

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.