Keybank National Association OH Has $4.75 Million Holdings in U.S. Bancorp $USB

Keybank National Association OH grew its holdings in U.S. Bancorp (NYSE:USB) by 23.6% in the 1st quarter, Holdings Channel reports. The fund owned 91,309 shares of the financial services provider’s stock after purchasing an additional 17,415 shares during the quarter. Keybank National Association OH’s holdings in U.S. Bancorp were worth $4,749,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of USB. Financial Life Planners acquired a new stake in shares of U.S. Bancorp during the third quarter worth $25,000. Clayton Financial Group LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $25,000. JPL Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the third quarter worth $28,000. Binnacle Investments Inc grew its position in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in shares of U.S. Bancorp by 57.8% during the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after buying an additional 212 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on USB shares. JPMorgan Chase & Co. dropped their price objective on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley raised their price objective on U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Stephens assumed coverage on shares of U.S. Bancorp in a research report on Monday, June 15th. They set an “equal weight” rating and a $63.00 price objective for the company. Barclays upped their price target on shares of U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Oppenheimer lowered their target price on U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $61.57.

U.S. Bancorp Price Performance

USB stock opened at $61.67 on Friday. The company’s 50-day moving average price is $56.57 and its two-hundred day moving average price is $55.50. U.S. Bancorp has a 12 month low of $43.46 and a 12 month high of $62.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm has a market cap of $95.67 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.07 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.52 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.4%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 43.61%.

Insider Activity at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp 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 transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction 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. 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.