Savant Capital LLC Purchases 8,653 Shares of U.S. Bancorp $USB

Savant Capital LLC lifted its position in U.S. Bancorp (NYSE:USB) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,166 shares of the financial services provider’s stock after purchasing an additional 8,653 shares during the quarter. Savant Capital LLC’s holdings in U.S. Bancorp were worth $3,391,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Chemung Canal Trust Co. raised its holdings in U.S. Bancorp by 205.5% during the 3rd quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock valued at $3,302,000 after buying an additional 45,963 shares during the last quarter. Synergy Asset Management LLC increased its position in shares of U.S. Bancorp by 100.0% in the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock valued at $5,428,000 after acquiring an additional 59,981 shares during the period. Jones Financial Companies Lllp raised its stake in shares of U.S. Bancorp by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock valued at $17,738,000 after acquiring an additional 47,537 shares during the last quarter. Andra AP fonden boosted its holdings in shares of U.S. Bancorp by 175.6% during the second quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock worth $20,743,000 after purchasing an additional 292,100 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in shares of U.S. Bancorp by 757.8% during the third quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider’s stock worth $8,622,000 after purchasing an additional 155,925 shares during the period. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 2.8%

NYSE USB opened at $60.74 on Friday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $60.91. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock’s fifty day moving average price is $54.57 and its 200-day moving average price is $49.86. The stock has a market cap of $94.42 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.06 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last announced 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 company had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the business posted $1.07 EPS. U.S. Bancorp’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s payout ratio is currently 45.02%.

Analysts Set New Price Targets

A number of research analysts have commented on USB shares. Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a research report on Thursday, October 23rd. Royal Bank Of Canada upped their target price on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. DA Davidson lifted their price target on shares of U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Wolfe Research lowered shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, Truist Financial lifted their target price on shares of U.S. Bancorp from $58.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.90.

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.