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

Stablepoint Partners LLC increased its position in shares of U.S. Bancorp (NYSE:USB) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,115 shares of the financial services provider’s stock after acquiring an additional 708 shares during the period. Stablepoint Partners LLC’s holdings in U.S. Bancorp were worth $1,314,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of USB. FIL Ltd lifted its position in shares of U.S. Bancorp by 42.0% during the fourth quarter. FIL Ltd now owns 28,872 shares of the financial services provider’s stock worth $1,381,000 after purchasing an additional 8,542 shares in the last quarter. Vanguard Group Inc. increased its stake in U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider’s stock worth $6,640,569,000 after buying an additional 1,079,056 shares during the period. M&T Bank Corp lifted its holdings in U.S. Bancorp by 36.9% during the 4th quarter. M&T Bank Corp now owns 1,158,848 shares of the financial services provider’s stock worth $55,427,000 after buying an additional 312,504 shares in the last quarter. D.A. Davidson & CO. boosted its position in U.S. Bancorp by 11.3% in the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider’s stock valued at $18,212,000 after buying an additional 38,802 shares during the period. Finally, Sovran Advisors LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter worth $369,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $44.76 on Friday. The company has a fifty day moving average of $41.15 and a two-hundred day moving average of $45.40. The company has a market capitalization of $69.74 billion, a PE ratio of 11.81, a P/E/G ratio of 1.73 and a beta of 0.99. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the previous year, the business earned $0.78 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on USB. Bank of America reduced their price objective on U.S. Bancorp from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada reduced their price target on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Raymond James reiterated an “outperform” rating and issued a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Piper Sandler cut their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI lifted their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an “in-line” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.67.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

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.