Andra AP fonden Grows Stock Holdings in U.S. Bancorp $USB

Andra AP fonden raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the financial services provider’s stock after acquiring an additional 41,600 shares during the quarter. Andra AP fonden’s holdings in U.S. Bancorp were worth $24,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Empowered Funds LLC increased its position in shares of 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 lifted its holdings in shares of 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 purchased a new stake in shares of U.S. Bancorp in the second quarter worth about $425,000. Finally, Transcend Capital Advisors LLC bought a new position in shares of U.S. Bancorp in the second quarter valued at approximately $290,000. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on USB. Royal Bank Of Canada upped their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Truist Financial raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $61.00 to $66.00 in a report on Thursday. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, UBS Group restated a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Price Performance

USB opened at $54.57 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $56.17 and its 200 day simple moving average is $51.16. The firm has a market cap of $84.78 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.02 and a beta of 1.06. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current 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 given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 3.8%. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

About U.S. Bancorp

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.