94,262 Shares in U.S. Bancorp $USB Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in U.S. Bancorp (NYSE:USB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 94,262 shares of the financial services provider’s stock, valued at approximately $4,556,000. U.S. Bancorp comprises about 0.9% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 14th largest position.

Several other institutional investors have also added to or reduced their stakes in USB. Guerra Advisors Inc purchased a new position in shares of U.S. Bancorp in the third quarter worth about $25,000. Financial Life Planners bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp during the 3rd quarter valued at about $26,000. Hillsdale Investment Management Inc. bought a new position in U.S. Bancorp during the 2nd quarter worth approximately $27,000. Finally, Pineridge Advisors LLC grew its position in U.S. Bancorp by 446.2% during the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 522 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $51.00 on Friday. The firm has a market capitalization of $79.17 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.92 and a beta of 1.04. The stock has a fifty day moving average of $55.86 and a 200 day moving average of $51.58. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $61.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the firm earned $1.07 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. U.S. Bancorp’s payout ratio is currently 45.02%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $66.00 in a research note on Thursday, February 26th. Keefe, Bruyette & Woods increased their price target on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. TD Cowen raised their price target on shares of U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. DA Davidson boosted their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.