10,659 Shares in U.S. Bancorp $USB Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new position in shares of U.S. Bancorp (NYSE:USB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,659 shares of the financial services provider’s stock, valued at approximately $569,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clayton Financial Group LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the third quarter worth $25,000. Rossby Financial LCC grew its holdings in U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 212 shares during the period. JPL Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter worth $28,000. Finally, Westfuller Advisors LLC grew its holdings in U.S. Bancorp by 54.7% during the fourth quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 2.0%

U.S. Bancorp stock opened at $57.78 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $89.63 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two week high of $61.19. The stock’s fifty day moving average is $55.34 and its two-hundred day moving average is $54.64.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts predict that U.S. Bancorp will post 5.07 EPS for the current fiscal year.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley set a $64.00 price objective on U.S. Bancorp in a report on Friday, April 17th. Barclays upped their price objective on U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $60.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 16th. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Stephens initiated coverage on U.S. Bancorp in a report on Monday. They issued an “equal weight” rating and a $63.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.29.

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.