Vestor Capital LLC Has $852,000 Stock Holdings in U.S. Bancorp $USB

Vestor Capital LLC increased its position in U.S. Bancorp (NYSE:USB) by 480.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,386 shares of the financial services provider’s stock after purchasing an additional 13,564 shares during the quarter. Vestor Capital LLC’s holdings in U.S. Bancorp were worth $852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after buying an additional 1,828,404 shares during the period. State Street Corp raised its stake in shares of U.S. Bancorp by 0.8% during the fourth quarter. State Street Corp now owns 69,701,898 shares of the financial services provider’s stock worth $3,755,083,000 after buying an additional 522,368 shares during the last quarter. Geode Capital Management LLC lifted its holdings in U.S. Bancorp by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider’s stock valued at $2,002,518,000 after buying an additional 443,646 shares during the period. Norges Bank acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $1,887,497,000. Finally, Auto Owners Insurance Co boosted its stake in U.S. Bancorp by 5,236.0% in the fourth quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider’s stock valued at $1,779,556,000 after acquiring an additional 32,725,000 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Up 0.2%

Shares of NYSE:USB opened at $62.92 on Friday. The company has a 50 day moving average price of $59.65 and a two-hundred day moving average price of $56.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $97.60 billion, a PE ratio of 12.56, a PEG ratio of 1.03 and a beta of 0.96. U.S. Bancorp has a 52 week low of $43.46 and a 52 week high of $64.84.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the business earned $1.11 EPS. Analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. U.S. Bancorp’s payout ratio is currently 41.52%.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. Truist Financial upped their target price on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Royal Bank Of Canada raised their price target on U.S. Bancorp from $61.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Citigroup reissued a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.06.

Insider Transactions at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the transaction, the insider owned 74,969 shares of the company’s stock, valued at $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

About U.S. Bancorp

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.