Banque Cantonale Vaudoise Buys 13,922 Shares of U.S. Bancorp $USB

Banque Cantonale Vaudoise boosted its position in shares of U.S. Bancorp (NYSE:USBFree Report) by 53.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,735 shares of the financial services provider’s stock after buying an additional 13,922 shares during the quarter. Banque Cantonale Vaudoise’s holdings in U.S. Bancorp were worth $1,920,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Guerra Advisors Inc bought a new position in shares of U.S. Bancorp in the 3rd quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in U.S. Bancorp in the third quarter valued at about $26,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the second quarter valued at about $27,000. Pineridge Advisors LLC lifted its stake in U.S. Bancorp by 446.2% in the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after buying an additional 522 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new position in U.S. Bancorp during the third quarter worth about $31,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $52.19 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average price is $55.95 and its two-hundred day moving average price is $51.56. The company has a market cap of $81.09 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $61.19.

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

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

Analysts Set New Price Targets

Several research analysts recently weighed in on USB shares. DA Davidson lifted their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Oppenheimer increased their target price on shares of U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Argus lifted their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Piper Sandler restated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Finally, HSBC reaffirmed a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.02.

Check Out Our Latest Stock Report on U.S. Bancorp

Insider Buying and Selling

In related news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was 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. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.

Key Headlines Impacting U.S. Bancorp

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U.S. Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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