Axa S.A. Boosts Stock Position in U.S. Bancorp (NYSE:USB)

AXA S.A. lifted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 195.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,380 shares of the financial services provider's stock after buying an additional 67,759 shares during the quarter. AXA S.A.'s holdings in U.S. Bancorp were worth $4,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of USB. Capital Performance Advisors LLP lifted its stake in shares of U.S. Bancorp by 2.6% in the 4th quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock valued at $392,000 after purchasing an additional 210 shares during the period. HCR Wealth Advisors boosted its holdings in shares of U.S. Bancorp by 1.1% during the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after buying an additional 211 shares in the last quarter. Covestor Ltd grew its position in shares of U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider's stock worth $94,000 after buying an additional 214 shares during the period. Priebe Wealth Holdings LLC lifted its position in U.S. Bancorp by 4.4% during the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after acquiring an additional 215 shares during the period. Finally, Essex Savings Bank boosted its stake in U.S. Bancorp by 1.8% during the fourth quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock worth $591,000 after acquiring an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $1.86 during mid-day trading on Monday, reaching $43.88. The stock had a trading volume of 1,799,719 shares, compared to its average volume of 9,084,883. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The business's 50 day moving average price is $40.71 and its 200 day moving average price is $46.12. The company has a market cap of $68.36 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the business earned $0.78 earnings per share. Research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on USB. Morgan Stanley lowered their target price on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group reduced their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Thursday, April 3rd. Barclays reduced their target price on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Truist Financial dropped their price objective on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.48.

U.S. Bancorp Company Profile

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.