Carlson Capital L.P. Purchases Shares of 15,000 U.S. Bancorp $USB

Carlson Capital L.P. bought a new position in shares of U.S. Bancorp (NYSE:USB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the financial services provider’s stock, valued at approximately $725,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthquest Corp increased its stake in U.S. Bancorp by 1.9% in the third quarter. Wealthquest Corp now owns 25,529 shares of the financial services provider’s stock valued at $1,234,000 after purchasing an additional 475 shares during the last quarter. Axim Planning & Wealth lifted its stake in shares of U.S. Bancorp by 1.9% during the third quarter. Axim Planning & Wealth now owns 15,722 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 299 shares in the last quarter. Eukles Asset Management grew its position in shares of U.S. Bancorp by 1.1% during the 3rd quarter. Eukles Asset Management now owns 36,102 shares of the financial services provider’s stock valued at $1,745,000 after buying an additional 382 shares during the last quarter. Concord Wealth Partners boosted its holdings in shares of U.S. Bancorp by 134.7% in the third quarter. Concord Wealth Partners now owns 2,500 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,435 shares in the last quarter. Finally, MMA Asset Management LLC bought a new position in U.S. Bancorp during the third quarter valued at about $341,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on USB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. The Goldman Sachs Group set a $52.00 price objective on shares of U.S. Bancorp and gave the company a “neutral” rating in a research report on Friday, October 17th. Truist Financial boosted their target price on U.S. Bancorp from $58.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. HSBC reiterated a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a research report on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective on the stock in a research note on Thursday, October 23rd. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.90.

U.S. Bancorp Stock Up 2.8%

U.S. Bancorp stock opened at $60.74 on Friday. The firm has a market capitalization of $94.42 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $60.91. The firm’s fifty day moving average price is $54.57 and its two-hundred day moving average price is $49.86.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.07 earnings per share. On average, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors 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 3.4%. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

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.