US Asset Management LLC Buys New Position in U.S. Bancorp (NYSE:USB)

US Asset Management LLC purchased a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,222 shares of the financial services provider’s stock, valued at approximately $226,000.

Other large investors also recently made changes to their positions in the company. CGC Financial Services LLC bought a new stake in U.S. Bancorp during the fourth quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $27,000. Naples Money Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $30,000. Finally, First Command Advisory Services Inc. purchased a new position in U.S. Bancorp in the 3rd quarter worth about $35,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB stock traded down $0.15 during trading hours on Thursday, hitting $41.54. The company had a trading volume of 6,375,503 shares, compared to its average volume of 8,527,444. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market capitalization of $64.82 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a 12 month low of $28.53 and a 12 month high of $45.85. The firm’s fifty day moving average is $42.36 and its 200 day moving average is $40.64.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned $1.16 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

Insider Transactions at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,582 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

USB has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Evercore ISI increased their target price on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Piper Sandler reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp has a consensus rating of “Hold” and an average target price of $46.02.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.