Aquatic Capital Management LLC Makes New $6.33 Million Investment in U.S. Bancorp $USB

Aquatic Capital Management LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 130,907 shares of the financial services provider’s stock, valued at approximately $6,327,000.

Several other large investors have also modified their holdings of USB. Guerra Advisors Inc purchased a new position in U.S. Bancorp during the third quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in U.S. Bancorp during the third quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in U.S. Bancorp during the third quarter worth $26,000. Hillsdale Investment Management Inc. bought a new stake in U.S. Bancorp during the 2nd quarter valued at $27,000. Finally, Pineridge Advisors LLC boosted its position in U.S. Bancorp by 446.2% during the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 522 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. Evercore boosted their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Oppenheimer raised their price objective on U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. TD Cowen lifted their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Finally, HSBC reissued a “buy” rating and set a $62.00 price target on shares of U.S. Bancorp in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.02.

U.S. Bancorp Trading Up 0.3%

Shares of NYSE:USB opened at $51.15 on Tuesday. The business’s 50-day moving average is $55.77 and its 200 day moving average is $51.64. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19. The firm has a market capitalization of $79.40 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.91 and a beta of 1.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter last year, the company earned $1.07 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. U.S. Bancorp’s payout ratio is currently 45.02%.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction 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 represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.