Vinva Investment Management Ltd raised its stake in U.S. Bancorp (NYSE:USB - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,533 shares of the financial services provider's stock after acquiring an additional 9,773 shares during the period. Vinva Investment Management Ltd's holdings in U.S. Bancorp were worth $2,728,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bestgate Wealth Advisors LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $372,000. VSM Wealth Advisory LLC bought a new stake in U.S. Bancorp in the 4th quarter valued at $125,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in U.S. Bancorp in the 4th quarter valued at $282,000. Xponance Inc. increased its holdings in U.S. Bancorp by 0.5% in the 4th quarter. Xponance Inc. now owns 219,141 shares of the financial services provider's stock valued at $10,482,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in U.S. Bancorp in the 4th quarter valued at $5,119,000. 77.60% of the stock is currently owned by institutional investors.
In other news, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. The trade was a 7.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the completion of the sale, the insider now owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by corporate insiders.
U.S. Bancorp stock opened at $42.64 on Thursday. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm has a 50-day moving average of $46.52 and a two-hundred day moving average of $47.69.
U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.69%. U.S. Bancorp's dividend payout ratio is currently 52.77%.
A number of equities analysts have commented on the stock. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $58.00 to $60.00 in a research note on Thursday, January 2nd. Barclays lifted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Compass Point lifted their price objective on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Truist Financial assumed coverage on shares of U.S. Bancorp in a research note on Tuesday, January 7th. They issued a "hold" rating and a $54.00 price objective for the company. Finally, Bank of America dropped their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.93.
View Our Latest Analysis on 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.
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