U.S. Bancorp $USB Stake Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in shares of U.S. Bancorp (NYSE:USB) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,777 shares of the financial services provider’s stock after buying an additional 9,739 shares during the quarter. D.A. Davidson & CO.’s holdings in U.S. Bancorp were worth $23,787,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in U.S. Bancorp by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock worth $7,810,665,000 after buying an additional 1,828,404 shares during the last quarter. State Street Corp increased its position in U.S. Bancorp by 0.9% in the 3rd quarter. State Street Corp now owns 69,179,530 shares of the financial services provider’s stock valued at $3,378,808,000 after acquiring an additional 648,943 shares during the period. Davis Selected Advisers increased its position in U.S. Bancorp by 0.5% in the 3rd quarter. Davis Selected Advisers now owns 19,431,562 shares of the financial services provider’s stock valued at $939,127,000 after acquiring an additional 99,925 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in U.S. Bancorp by 7.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 17,758,947 shares of the financial services provider’s stock valued at $858,290,000 after acquiring an additional 1,189,525 shares during the period. Finally, Northern Trust Corp increased its position in U.S. Bancorp by 1.1% in the 3rd quarter. Northern Trust Corp now owns 16,438,774 shares of the financial services provider’s stock valued at $794,486,000 after acquiring an additional 172,645 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $55.62 on Monday. The stock has a fifty day moving average price of $54.25 and a two-hundred day moving average price of $52.68. 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 cap of $86.34 billion, a P/E ratio of 11.66, a PEG ratio of 1.00 and a beta of 1.01. U.S. Bancorp has a 1 year low of $39.28 and a 1 year high of $61.19.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. Research analysts forecast that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.61%.

Wall Street Analysts Forecast Growth

USB has been the topic of several analyst reports. TD Cowen raised their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. JPMorgan Chase & Co. lowered their target price on U.S. Bancorp from $62.00 to $58.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 7th. Barclays raised their target price on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Wolfe Research cut U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.18.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

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.