Deutsche Bank AG Has $195.96 Million Stock Position in U.S. Bancorp (NYSE:USB)

Deutsche Bank AG lifted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,097,014 shares of the financial services provider's stock after purchasing an additional 344,404 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of U.S. Bancorp worth $195,960,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several brokerages have recently commented on USB. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Oppenheimer raised their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Truist Financial decreased their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Keefe, Bruyette & Woods lowered their target price on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $50.48.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $42.01 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $40.71 and a 200-day moving average price of $46.15. The company has a market cap of $65.45 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. U.S. Bancorp's payout ratio is presently 49.50%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 5,000 shares of U.S. Bancorp stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

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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