Ethic Inc. Grows Stock Position in U.S. Bancorp (NYSE:USB)

Ethic Inc. grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 56.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 216,860 shares of the financial services provider's stock after buying an additional 77,895 shares during the period. Ethic Inc.'s holdings in U.S. Bancorp were worth $10,372,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 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 worth $26,000 after buying an additional 490 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $26,000. FPC Investment Advisory Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $28,000. Stonebridge Financial Group LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $30,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on USB shares. Barclays dropped their price objective on 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. DA Davidson decreased their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Piper Sandler decreased 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. Bank of America decreased their target price 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, March 17th. Finally, Wells Fargo & Company decreased their target price on shares of U.S. Bancorp from $56.00 to $50.00 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $50.48.

U.S. Bancorp Price Performance

Shares of USB traded down $0.13 during trading hours on Friday, reaching $42.01. 6,997,653 shares of the stock traded hands, compared to its average volume of 9,113,103. 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 52-week low of $35.18 and a 52-week high of $53.98. The company's 50-day moving average price is $40.71 and its two-hundred day moving average price is $46.12. The company has a market cap of $65.45 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the firm posted $0.78 EPS. On average, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

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

U.S. Bancorp 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.