11,357 Shares in U.S. Bancorp $USB Bought by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas acquired a new position in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,357 shares of the financial services provider’s stock, valued at approximately $606,000.

Several other hedge funds have also added to or reduced their stakes in USB. SG Americas Securities LLC raised its stake in shares of U.S. Bancorp by 3,451.9% in the 4th quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after purchasing an additional 4,210,676 shares during the period. Davis Selected Advisers raised its stake in shares of U.S. Bancorp by 13.4% in the 4th quarter. Davis Selected Advisers now owns 22,041,759 shares of the financial services provider’s stock valued at $1,176,148,000 after purchasing an additional 2,610,197 shares during the period. AQR Capital Management LLC raised its stake in shares of U.S. Bancorp by 354.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after purchasing an additional 2,227,103 shares during the period. Vanguard Group Inc. raised its stake in shares of U.S. Bancorp by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock valued at $7,810,665,000 after purchasing an additional 1,828,404 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of U.S. Bancorp by 16.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock valued at $560,559,000 after purchasing an additional 1,631,550 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% 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. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction dated 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 completion of the sale, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Price Performance

NYSE:USB opened at $54.63 on Thursday. 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 stock’s 50-day simple moving average is $54.29 and its 200 day simple moving average is $53.86. The company has a market cap of $84.81 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.00 and a beta of 1.00. U.S. Bancorp has a 52-week low of $42.55 and a 52-week high of $61.19.

U.S. Bancorp (NYSE:USB) last released its 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 business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, sell-side analysts forecast that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. U.S. Bancorp’s payout ratio is currently 43.61%.

Analyst Ratings Changes

Several analysts have issued reports on USB shares. Royal Bank Of Canada lifted their price target on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. UBS Group reissued a “neutral” rating and issued a $60.00 price target on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Barclays lifted their price target on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Truist Financial dropped their price target on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $60.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.20.

U.S. Bancorp Company 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.