Chapman Financial Group LLC Invests $1.57 Million in U.S. Bancorp (NYSE:USB)

Chapman Financial Group LLC purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,816 shares of the financial services provider's stock, valued at approximately $1,570,000. U.S. Bancorp comprises 1.3% of Chapman Financial Group LLC's investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently bought and sold shares of USB. J.Safra Asset Management Corp purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at approximately $26,000. Winch Advisory Services LLC raised its holdings in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 490 shares in the last quarter. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $30,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of U.S. Bancorp in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity

In related news, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. The trade was a 7.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aleem Gillani purchased 5,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 153,495 shares of company stock worth $7,271,419. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

USB has been the topic of several research analyst reports. Barclays reduced their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America decreased their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Truist Financial lowered their price target on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Royal Bank of Canada reduced their price objective on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Piper Sandler lowered their target price on shares of U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.48.

U.S. Bancorp Price Performance

Shares of USB opened at $41.47 on Monday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock's fifty day moving average is $41.14 and its 200-day moving average is $46.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $64.61 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results 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 firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations 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 company earned $0.78 EPS. Equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio is currently 49.50%.

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.

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