Evansbrook LLC Takes Position in U.S. Bancorp $USB

Evansbrook LLC bought a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,768 shares of the financial services provider’s stock, valued at approximately $895,000.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of U.S. Bancorp by 2.4% in the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after acquiring an additional 41,803 shares during the last quarter. Danske Bank A S acquired a new position in shares of U.S. Bancorp during the third quarter worth approximately $37,162,000. Nordea Investment Management AB grew its stake in shares of U.S. Bancorp by 15.3% during the fourth quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock valued at $144,462,000 after purchasing an additional 357,300 shares during the last quarter. Goodman Advisory Group LLC grew its stake in shares of U.S. Bancorp by 30.5% during the third quarter. Goodman Advisory Group LLC now owns 194,035 shares of the financial services provider’s stock valued at $9,378,000 after purchasing an additional 45,365 shares during the last quarter. Finally, Lighthouse Investment Partners LLC increased its holdings in shares of U.S. Bancorp by 92.9% in the third quarter. Lighthouse Investment Partners LLC now owns 252,335 shares of the financial services provider’s stock valued at $12,195,000 after purchasing an additional 121,529 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $58.07 on Friday. The firm has a market capitalization of $90.07 billion, a P/E ratio of 12.17, a PEG ratio of 1.04 and a beta of 0.97. U.S. Bancorp has a 1 year low of $42.93 and a 1 year high of $61.19. The business has a 50-day moving average of $55.63 and a 200-day moving average of $54.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations 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 revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts anticipate that U.S. Bancorp will post 5.08 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. U.S. Bancorp’s payout ratio is currently 43.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley set a $64.00 price objective on shares of U.S. Bancorp in a research report on Friday, April 17th. Piper Sandler reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Thursday, February 26th. Jefferies Financial Group reissued a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research note on Thursday, April 16th. Royal Bank Of Canada upped 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. Finally, DA Davidson reiterated a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.29.

U.S. Bancorp News Roundup

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: U.S. Bancorp declared a quarterly dividend of $0.52 per share, signaling continued capital returns to shareholders and supporting the stock’s income appeal.
• Positive Sentiment: Recent articles from Zacks and Yahoo Finance highlighted USB as a potential value stock versus Northern Trust (NTRS), which can help reinforce investor interest in the shares as a relative-value play. USB vs. NTRS: Which Stock Should Value Investors Buy Now?
• Positive Sentiment: Another Zacks note said U.S. Bancorp is a top dividend stock to consider, reinforcing the bank’s appeal for income-focused investors. U.S. Bancorp (USB) is a Top Dividend Stock Right Now: Should You Buy?
• Neutral Sentiment: Elavon, a U.S. Bank subsidiary, expanded its All-In-One payments platform across North America, a long-term business development that is constructive but not likely a major near-term stock driver. Elavon expands All-In-One payments platform across North America to power integrated commerce

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.