Vestor Capital LLC Boosts Stock Position in U.S. Bancorp (NYSE:USB)

Vestor Capital LLC increased its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,179 shares of the financial services provider’s stock after buying an additional 253 shares during the quarter. Vestor Capital LLC’s holdings in U.S. Bancorp were worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Scotia Capital Inc. boosted its position in shares of U.S. Bancorp by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after acquiring an additional 990 shares during the last quarter. Spinnaker Trust purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $220,000. Tealwood Asset Management Inc. increased its holdings in shares of U.S. Bancorp by 33.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock worth $2,707,000 after buying an additional 15,665 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at approximately $4,073,000. Finally, abrdn plc lifted its holdings in U.S. Bancorp by 71.9% in the fourth quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock valued at $28,236,000 after acquiring an additional 272,976 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 0.7 %

Shares of NYSE USB traded up $0.31 during midday trading on Friday, hitting $41.85. 4,839,900 shares of the company’s stock were exchanged, compared to its average volume of 8,487,229. The firm’s fifty day simple moving average is $42.35 and its 200-day simple moving average is $40.65. The company has a market cap of $65.31 billion, a PE ratio of 13.82, a P/E/G ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a twelve month low of $28.53 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Research analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on USB. JPMorgan Chase & Co. cut their target price on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. UBS Group reduced their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Wells Fargo & Company lowered their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $46.02.

Get Our Latest Stock Analysis on USB

U.S. Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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