Commerzbank Aktiengesellschaft FI Sells 23,484 Shares of U.S. Bancorp $USB

Commerzbank Aktiengesellschaft FI trimmed its position in U.S. Bancorp (NYSE:USB) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,317 shares of the financial services provider’s stock after selling 23,484 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in U.S. Bancorp were worth $9,005,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Empowered Funds LLC increased its holdings in U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock valued at $1,453,000 after buying an additional 714 shares during the period. Intech Investment Management LLC raised its stake in U.S. Bancorp by 18.9% in the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after buying an additional 6,252 shares in the last quarter. Sivia Capital Partners LLC bought a new position in U.S. Bancorp in the second quarter worth approximately $425,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in U.S. Bancorp during the second quarter worth $212,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.2%

NYSE:USB opened at $55.50 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.82 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $56.70. The company has a market cap of $86.27 billion, a PE ratio of 12.01, a P/E/G ratio of 1.00 and a beta of 1.07. The company’s 50 day moving average is $52.57 and its two-hundred day moving average is $49.10.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter last year, the company posted $1.07 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

Analysts Set New Price Targets

Several research analysts have recently commented on USB shares. Truist Financial boosted their price target on U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday. UBS Group lifted their target price on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada increased their price target on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America raised their price target on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.19.

U.S. Bancorp Company 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.